The Black Sea Trade and Development Bank (BSTDB) will provide Romania’s Banca Transilvania with a €
5mn short-term export-import finance facility.


Banca Transilvania will use the facility to advance sub-loans to Romanian exporters and importers to finance contracts with their counterparts from the Black Sea Region. The facility will also support Romanian production and exports to countries outside the region and allow the Romanian companies to propose deferred payment terms under export contracts.


The operation strengthens the BSTDB effort to improve the availability of funds for trade financing in Romania, following earlier BSTDB’s credit line extended to a leasing company from Romania.


Banca Transilvania started its operations in 1994 and has developed a nationwide banking business in pursuit of its goal to support the Romanian small and medium-sized enterprises. The bank provides a wide range of products to its corporate clients including lending, treasury products, trade finance products and settlement services. Banca Transilvania was the first bank of this type to be listed on the Bucharest Stock Exchange, starting with 1997. European Bank for Reconstruction and Development (EBRD) owns 15% of the share capital of the bank.


Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. With an authorized capital of SDR 1 billion (approx. US$1.45bn), the bank supports economic development and regional cooperation by providing financing, guarantees, and equity for projects supporting both public and private enterprises in its member countries. Since the commencement of operations in 1999, BSTDB approved projects and trade finance operations totalling US$650mn.