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Romania

Volksbank Romania S.A.

$86.28 million
Banking
Project Brief
Not Active

Project Facts

Project Facts

Project Facts

Romania
Guarantee Holder
Italian Technology & Innovations S.r.l. and FINREP HANDLES GmbH
Investor Country
Austria
Project Type
Non-SIP

Osterreichische Volksbanken AG has received a €100 million ($86.28 million) MIGA guarantee for a shareholder loan to expand the operations of its wholly owned subsidiary, Volksbank Romania S.A. The coverage offers protection against the risks of transfer restriction, expropriation, war and civil disturbance, and breach of contract. Facultative reinsurance of €35 million was obtained.