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Projects

Project Brief

Summaries of proposed guarantees are provided prior to Board consideration and before final contract signing, and they are therefore subject to change. Project briefs are disclosed after Board consideration and contract signing and reflect the terms of the project at the time of contract signature. Environmental and Social Review Summaries are provided for projects assigned an Environmental Assessment Category of A or B.

 

Project name
Volksbank Romania S.A.
Project ID
442
Fiscal year
2001
Status
Not Active
Guarantee holder
Osterreichische Volksbanken AG
Investor country
Austria
Host country
Romania
Sector
Banking
Gross exposure
 $86.2 million
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.

 
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