tbi bank is providing a new 4.4 million euros financing facility to Ananda Residence Biruinței 9, part of Ananda Group, to support the development of its residential projects. The new facility has a 24-month maturity, with the principal repayable in full at maturity. The 4.4 million euros financing adds to tbi bank’s current 4.5 million euros exposure to Ananda Residence Biruinței 9.
Ananda Group is a Romanian residential property development group primarily active in Bucharest-Ilfov and Popești-Leordeni, with more than 30 completed projects and cumulative turnover of approximately 200 million euros since 2018. The financing continues a partnership that began in 2023, under which tbi bank has provided 24 financing facilities totalling 53.4 million euros for 20 real estate projects, of which 41.8 million euros has already been repaid.
„The residential market is going through a period in which developers’ experience, their ability to deliver projects and financial discipline are becoming increasingly important. We continue to see demand for well-located homes and for projects that address genuine market needs, but sustainable development requires financing tailored to each stage and long-term partnerships. For us, the collaboration with Ananda Group reflects exactly this model: supporting experienced developers that grow gradually and successfully complete their projects”, said Alexandru Cosma, VP banking for Partners, tbi bank Romania.
„Residential development has entered a stage in which buyers are paying closer attention to project quality, the efficiency of their homes and the long-term value of their investment. For us, this means building to more rigorous standards, integrating solutions that meet evolving expectations and working with financial partners that understand the pace and specific requirements of each stage of development. Our collaboration with tbi bank has provided this flexibility and continuity, helping us support a portfolio that we are developing gradually and responsibly”, said Attila Ivacson, CEO, Ananda Group.
Also in Popesti-Leordeni, Ananda Group has launched the Biruinței 75 project, designed as a residential development built to nZEB standards, with S+P+4E+5R buildings, ground-floor retail space and energy-efficiency solutions.