"We greatly appreciate the trust granted by both foreign and local institutional investors through their participation in our inaugural Eurobond issuance. The interest shown by the capital market reaffirms, once again, that our banking model is a responsible one, characterized by strong financial standing and an ongoing commitment to incorporate the perspectives of all relevant stakeholders. Furthermore, we are delighted with the long-term partnership with IFC and its strong support for our commitment to fostering a sustainable and inclusive development of the Romanian economy", said Alina Rus, Raiffeisen Bank`s CFO.

The bond is also expected to qualify for the Minimum Requirement for Own Funds and Eligible Liabilities (MREL) imposed under the European Union's Banking Recovery and Resolution Directive. The regulatory requirement ensures that banks have sufficient capacity to absorb losses and avoid taxpayer-funded bailouts.  

”In the years to come Romania's economy has the potential to continue converging towards EU standard of living, and to also eliminate remaining social and territorial inequalities. This will require increased access to financing. With this operation IFC aims to continue fostering a resilient banking sector and local capital market, committed to both sustainability and inclusion”, said Ary Naïm, IFC Manager for Central and South Europe.  

Previous projects between IFC with RBRO and the Raiffeisen banking group include multiple investments in the bank's bonds issuance whereby the use of proceeds was to fund green and social projects in Romania.

IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. It works in more than 100 countries. In fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries.