| Project Detail |
Location:
Jordan
Project number:
48530
Business sector:
Depository Credit (banks)
Notice type:
State
English-language PSD published:
03 Dec 2024
Project Description
This PSD relates to a historical Bank project approved some years ago, and does not represent a new approval, or allocation of new funds. Disclosure of this PSD was deferred in accordance with the transparency framework in place at the time, but due to an administrative oversight, was not subsequently disclosed
In 2014, the Bank approved acquisition of an equity stake in the Bucharest Stock Exchange (BSE), then the largest exchange operator in south-eastern Europe.
Project Objectives
The transaction was expected to have a wider local capital markets impact through a combination of EBRD’s proposed equity investment, and various initiatives delivered by the legal transition team including (i) improvement of the BSE Group corporate governance, (ii) fostering legal and regulatory reforms in the country, (iii) investing in and fostering local currency fixed-income and equity issuances, and (iv) contributing to removal of key barriers to the development of the Romanian capital markets. |
