ATE Bank MSME

Romania
International Finance Corporation (IFC)
private
FI
31/08/2007
Completed
This project aims to help ATE Bank Romania S.A. (ATER or the Bank), an existing client of IFC, to scale-up its activities in its micro small and medium enterprises (MSME) finance operations including the underserved agribusiness sector. ATER, established in 1990, is a small-sized bank in Romania, providing a wide range of products and services mainly to small and medium-sized enterprises and individuals, with a 0.24% market share in total banking assets as of December 31, 2007. This project is aimed at complementing IFC’s initial investment in the Bank, a $7 million convertible loan granted in 2004.
See project site:
http://www.ifc.org/ifcext/spiwebsite1.nsf/ProjectDisplay/SPI_DP26721
Agricultural Bank of Greece
14,730,000

EastAgri is supported by:

EastAgri is supported by FAO, EBRD, and The World Bank