Kein Folientitel

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Roxana Lazar
The Specialist Bank for the Public Sector
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Our shareholder Dexia Kommunalkredit Bank
First local presence of a Bank specialized in
public finance, operating in Romania since 2005
DKB operates in CEE through its entities
established in Slovakia, Poland, Romania,
Hungary, the Czech Republic and Bulgaria
DKB administrates a total portfolio of EUR 8.08
billion.
Rating Moodys Fitch
Dexia Kommunalkredit Bank Aa2 AA
Kommunalkredit Austria AG Aa2 AA-
Dexia Credit Local Aa1 AA
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Dexia Kommunalkredit Romania
Leading position on the target segment of
Romanian public finance market (large and medium
cities over 30,000 inhabitants)
Total volume of signed contracts as of June 2008
EUR 813 mil
Preferred currency RON
Preferred maturity around 20 years
Total disbursements as of June 2008 EUR 561 mil
Preferred product direct loan
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Sovereign Debt Portfolio
EUR 75 mil. 10-year maturity Eurobonds launched
by the Republic of Romania in June 18, 2008
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EUR 100 mil. loan to the Republic of Romania for
financing the construction of Bucuresti-Constanta
railway in January 16, 2007
EUR 9 mil. syndicated financing to the Republic
of Romania for the construction of Brasov Bors
Highway in 2005
EUR 70,66 mil. sovereign financing to the
Republic of Romania for the acquisition of
Siemens Desiro trains by SNTFC CFR Calatori SA in
November 8, 2006
USD 79,06 mil. sovereign financing to the
Republic of Romania for purchasing Airbus
A-318-111 planes by The Romanian Air Transport
Company TAROM S.A in November 8, 2006
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Sub-sovereign Debt Portfolio
Facility amount (EUR equiv.)
Beneficiaries
over 50 millions
Bucharest 2nd District
Iasi City
50 20 millions
Sibiu City County
4nd District
Vaslui County
Oradea City
20 5 millions
Maramures County
Alba County
Focsani City
Suceava City
Satu Mare City
Lugoj City
Arges County
Alba Iulia City
Targu Mures City
Constanta County
Constanta City
Navodari City
under 5 millions
Orastie City
Targu Jiu City
Mures County
Giurgiu City
Calarasi City
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Municipalities indebtedness ratio kept in a
responsible limit
30 indebtedness ceiling
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Financing Solutions

• long-term loans
• structured financing
• project financing / co-financing EU grants
• co-operation with IFIs MIF (Municipal
  Infrastructure Facility) under EIB Global Loans
  resulting in grants and/or reduction of margin to
  the existing debt contracted through DKB

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Loan Financing
Capital Markets

• municipal bonds Eurobonds
• commercial papers / international trade finance

• forfeiting
• leasing
• public-private partnerships
• structured products applying protective and/or
  saving strategies

Special Financing
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Conclusion
Romania requires major investments in
infrastructure, energy efficiency, health,
environment protection, etc
Investment in Infrastructure and Environment
creates a) quality of life, b) attracts people
and investments and c) provides new jobs
Governmental Funds EU Grants address only a
limited part of the financing needs of the future
planned development
Romania needs access to long term financing
Specialized Banks offer competitive and
personalized financing solutions
Dexia-Kom is your strong partner for Regions,
Municipalities and Utilities
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www.dexia-kom.ro
Dexia Kommunalkredit Romania S.R.L. 42 Calea
Dorobantilor Street, district 1, 010573
Bucharest Tel [phone]
Fax[phone]
Roxana Lazar General Manager Mobile[phone]
021 roxana.lazar_at_dexia-kom.ro