Commission clears capital increase of Romanian Investment and Development Bank

The European Commission has decided not to raise objections to the State aid granted by Romania for the capital increase of the Romanian Investment and Development Bank (Banca de Investiții și Dezvoltare S.A.), headquartered in București. The decision, adopted on 26 June 2026, was published in the Official Journal of the European Union (C series) on 9 September 2026 under reference C/2026/4744 and is of relevance to the European Economic Area.

The measure is an ad hoc case notified under Articles 107 and 108 of the Treaty on the Functioning of the European Union, with aid number SA.122354. The Commission’s clearance confirms that the operation does not distort competition in a way incompatible with the internal market.

Legal basis and scope

The capital increase rests on a set of Romanian legal instruments, including Article 67 of the State Budget Law No 43/2026, a draft amendment to Article 10 of Law No 207/2022 on the general framework for development banks in Romania, and a draft amendment to Government Decision No 1204/2022. The granting authority is the Ministry of Finance, based at Bulevardul Libertății 16, sector 5, București.

The aid takes the form of a guarantee and other forms of equity intervention, with an overall budget of 10,306,870,000 RON (roughly €2.1 billion). The measure is scheduled to run from 31 July 2026 to 31 December 2032.

Objective and affected sectors

The operation is aimed at sectorial development, strengthening the public development bank’s capacity to support the Romanian economy. The affected economic activities include:

• Other monetary intermediation
• Other credit granting
• Other activities auxiliary to financial services, except insurance and pension funding
• Fund management activities

Impact

The clearance gives legal certainty to one of the largest capital operations in Romania’s public banking sector, allowing the development bank to deploy its resources over a six-year horizon. For market operators and investors, the publication confirms that the recapitalisation complies with EU State aid rules, removing a potential source of legal risk for the bank’s future lending and guarantee activity.

Source: Official Journal of the European Union, C/2026/4744, 9 September 2026, C series (official reference: C/2026/4744, aid SA.122354).