IFC Expands Access to Financing for Private Health Care Providers in Romania

In Washington, D.C.: 
Aliza Marcus 
Phone:  (202) 473 8168 
E-mail: AMarcus@ifc.org 

In Belgrade: 
Slobodan Brkic 
Phone: +381 11 3023 750 
E-mail: SBrkic@ifc.org  




Bucharest, Romania, October 14, 2009—IFC, a member of the World Bank Group, 
today announced it will provide a €50 million loan to Banca Transilvania that 
will enable the bank to expand financing for  private health care providers in 
Romania, helping increase access to medical care. 

The investment will support development of the country’s private health care 
sector by assisting medical providers who are looking for bank financing to set 
up or build their private practice.   

“This loan will enable us to continue lending and expand our strong presence in 
Romania’s health care sector,” said Robert C. Rekkers, CEO of Banca 
Transilvania. “In the context of the current crisis in international markets, 
this major transaction shows that Banca Transilvania has strong business 
partners and can continue to access resources to support local development.” 

Shahbaz Mavaddat, IFC Director for Southern Europe and Central Asia, said, “IFC 
is supporting Romanian health care professionals by providing them with access 
to finance and helping them to start, expand, or modernize their operations. As 
a result, the citizens of Romania will benefit with increased standards of 
health care.” 

IFC’s loan to Banca Transilvania also will help the country retain qualified 
health care professionals by expanding employment opportunities in the private 
health care sector. 

About IFC 
IFC, a member of the World Bank Group, creates opportunity for people to escape 
poverty and improve their lives. We foster sustainable economic growth in 
developing countries by supporting private sector development, mobilizing 
private capital, and providing advisory and risk mitigation services to 
businesses and governments. Our new investments totaled $14.5 billion in fiscal 
2009, helping channel capital into developing countries during the financial 
crisis. For more information, visit www.ifc.org. 

About Banca Transilvania S.A. 
Banca Transilvania® is among the top banks in Romania, in terms of assets. It 
has majority Romanian capital and the European Bank for Reconstruction and 
Development, which holds 15 percent of share capital, is a significant 
shareholder. The bank is a nationally represented financial institution, with 
over 500 units. It was the first banking institution in Romania to be listed on 
the Bucharest Stock Exchange in 1997. Its four main business lines are retail, 
SME, corporate, and health care. For more information, visit 
www.bancatransilvania.ro.