For Companies and Institutions

  • Commercial Banking
    We provide credit, financing, treasury and payment solutions to help your business succeed. We also offer best-in-class commercial real estate services for investors and developers.
  • Global Corporate Banking
    We help clients achieve their long-term strategic goals through financing, liquidity, payments, risk management and investment banking solutions.
  • Investment Banking
    Providing investment banking solutions, including M&A, capital raising and risk management, for a broad range of corporations, institutions and governments.
  • Payments
    Your partner for commerce, receivables, cross-currency, working capital, blockchain, liquidity and more.

Key Links

For Institutional Investors

  • Asset Management

    Putting our long-tenured investment teams on the line to earn the trust of institutional investors.

  • Markets

    Direct access to market leading liquidity harnessed through world-class research, tools, data, and analytics.

  • Securities Services

    Helping institutional investors, traditional and alternative asset and fund managers, broker dealers and equity issuers meet the demands of a rapidly evolving market.

  • Global Research

    Leveraging cutting-edge technology and innovative tools to bring clients industry-leading analysis and investment advice.

  • Prime Services

    Helping hedge funds, asset managers and institutional investors meet the demands of a rapidly evolving market.

  • Global Liquidity Solutions

    Global short-term fixed income strategies designed to help clients manage liquidity through the cycle.

Key Links

For Individuals

  • Wealth Management
    With J.P. Morgan Wealth Management, you can invest on your own or work with an advisor to design a personalized investment strategy. We have opportunities for every investor.
  • Private Bank
    A uniquely elevated private banking experience shaped around you.

Key Links

For Employers

  • Workplace Solutions

    Enhance your equity compensation offering with solutions designed to empower your employees and bring your reward strategy to life.

Key Links

Who We Serve

Key Links

All Insights

Explore a variety of insights.

Key Links

Insights by Topic

Explore a variety of insights organized by different topics.

Key Links

Insights by Type

Explore a variety of insights organized by different types of content and media.  

Key Links

About Us

We aim to be the most respected financial services firm in the world, serving corporations and individuals in more than 100 countries.

Key Links

Nuclear power for energy security

To diversify its energy mix and prioritize long-term energy security, Romania is doubling down on its efforts to grow its nuclear footprint. To this end, state-owned nuclear giant SN Nuclearelectrica (SNN) recently announced plans to upgrade its Cernavodă power plant.

These efforts were financed by a banking syndicate led by J.P. Morgan. The first loan of EUR 540 million involved nine banks and covers the refurbishment of Unit 1, which went into operation in 1996.  The upgrade is expected to be completed by 2030.

The second loan of EUR 80 million was financed by six banks and will cover the preliminary works for the development of Units 3 and 4. SNN aims to complete the construction of Unit 3 by 2030 and Unit 4 by 2031.

“We’re proud to support SNN’s strategic ambitions to deliver sustainable, secure energy for Romania and the region,” said James Fraser, Head of EMEA Payments and Global Head of Trade and Working Capital at J.P. Morgan. “These deals are a testament to our ability to bring together expertise from across our Investment Banking, Payments, Trade, and Markets businesses to support our clients at every stage of their growth.”

“Nuclear provides 9% of the world’s energy. Currently, SNN meets 20% of electricity demand in Romania through nuclear energy, more than double the global ratio. When both projects are finished, that number is expected to climb to 40%.”

Milena Grayde

Head of Investment Banking for Romania, J.P. Morgan

Clean energy in the EU 

This expansion is a critical part of Romania’s national energy strategy, which takes a holistic approach to energy security and related economic growth goals. It also aligns with the EU’s clean energy targets for 2030, which include decreasing greenhouse gas emissions by at least 40%.1

“The construction funded by these two deals is anticipated to do more than increase the plant’s power generation. It is expected to lead to a reduction of up to 10 million tons of greenhouse gas emissions per year,” said Anna-Mariya Duncheva, the client executive for SNN and a member of the J.P. Morgan Investment Banking team in EMEA

The project has received strong support from the Romanian government and international partners including the United States and Canada. The use of CANDU reactor technology and potential to collaborate with leading nuclear technology firms ensure that innovation, safety, and efficiency are prioritized as the project moves ahead. 

“It is our objective to deliver safe, available energy as planned, no delays, no cost overruns,” said Cosmin Ghita, chief executive officer at Nuclearelectrica. “This partnership is a recognition of the robustness of both projects and a reconfirmation of the complex role nuclear energy is to play on the long run, which I call trust, and I thank J.P. Morgan and the banking institutions for their professionalism and partnership.”  

“This deal supports the EU’s wider shift toward renewable energy,” said Milena Grayde, head of investment banking for Romania. “Nuclear provides 9% of the world’s energy2. Currently, SNN meets 20% of electricity demand in Romania through nuclear energy, more than double the global ratio. When both projects are finished, that number is expected to climb to 40%.”

Emre Tuzun, who leads Central and Eastern European corporate banking, agrees. “This deal not only furthers Romania’s energy independence agenda but also demonstrates our commitment to advancing the EU’s climate objectives and supporting our clients across the region.”

References

1.

https://energy.ec.europa.eu/system/files/2019-06/necp_factsheet_ro_final_0.pdf

2.

https://nuclearelectrica.ro/snn/en/2025/09/24/nuclearelectrica-and-the-banking-syndicate-led-by-j-p-morgan-se-sign-the-financing-agreements-for-two-of-romanias-strategic-energy-projects-refurbishment-of-cernavoda-npp-unit-1-and-cernavo

Related insights

This material (including market commentary, market data, observations or the like) has been prepared by personnel in the Investment Banking Group of JPMorgan Chase & Co. and/or its affiliates and subsidiaries worldwide (“J.P. Morgan”).   It has not been reviewed, endorsed or otherwise approved by, and is not a work product of, any research department of J.P. Morgan.

Any views or opinions expressed herein are solely those of the individual authors and may differ from the views and opinions expressed by other departments or divisions of J.P. Morgan. This material is for the general information of our clients only and is a “solicitation” only as that term is used within CFTC Rule 1.71 and 23.605 promulgated under the U.S. Commodity Exchange Act.

RESTRICTED DISTRIBUTION: This material is distributed by the relevant J.P. Morgan entities that possess the necessary licenses to distribute the material in the respective countries. This material is proprietary and confidential to J.P. Morgan and is for your personal use only. Any distribution, copy, reprints and/or forward to others is strictly prohibited.

This material is intended merely to highlight market developments and is not intended to be comprehensive and does not constitute investment, legal or tax advice, nor does it constitute an offer or solicitation for the purchase or sale of any financial instrument or a recommendation for any investment product or strategy.

Information contained in this material has been obtained from sources believed to be reliable but no representation or warranty is made by J.P. Morgan as to the quality, completeness, accuracy, fitness for a particular purpose or noninfringement of such information. In no event shall J.P. Morgan be liable (whether in contract, tort, equity or otherwise) for any use by any party of, for any decision made or action taken by any party in reliance upon, or for any inaccuracies or errors in, or omissions from, the information contained herein and such information may not be relied upon by you in evaluating the merits of participating in any transaction. All information contained herein is as of the date referenced and is subject to change without notice. All market statistics are based on announced transactions. Numbers in various tables may not sum due to rounding.

J.P. Morgan may have positions (long or short), effect transactions, or make markets in securities or financial instruments mentioned herein (or options with respect thereto), or provide advice or loans to, or participate in the underwriting or restructuring of the obligations of, issuers mentioned herein. Any transactions presented herein are for illustration purposes only. J.P. Morgan does not make representations or warranties as to the legal, tax, credit, or accounting treatment of any such transactions, or any other effects similar transactions may have on you or your affiliates. You should consult with your own advisors as to such matters.

The use of any third-party trademarks or brand names is for informational purposes only and does not imply an endorsement by J.P. Morgan or that such trademark owner has authorized J.P. Morgan to promote its products or services.

J.P. Morgan is the marketing name for the investment banking activities of JPMorgan Chase Bank, N.A., J.P. Morgan Securities LLC (member, NYSE), J.P. Morgan Securities plc (authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority), J.P. Morgan SE (Authorised as a credit institution by the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) and jointly supervised by the BaFin, the German Central Bank (Deutsche Bundesbank) and the European Central Bank (ECB)), J.P. Morgan Securities Australia Limited (ABN 61 003 245 234/AFS Licence No: 238066 and regulated by Australian Securities and Investments Commission) and their investment banking affiliates. J.P. Morgan Securities plc is exempt from the licensing provisions of the Financial and Intermediary Services Act, 2002 (South Africa). 

For Brazil: Ombudsman J.P. Morgan: 0800-7700847 / ouvidoria.jp.morgan@jpmorgan.com

For Australia: This material is issued and distributed by J.P. Morgan Securities Australia Limited (ABN 61 003 245 234/ AFS Licence No: 238066) (regulated by ASIC) for the benefit of “wholesale clients” only. This material does not take into account the specific investment objectives, financial situation or particular needs of the recipient. The recipient of this material must not distribute it to any third party or outside Australia without the prior written consent of J.P. Morgan Securities Australia Limited.

© 2026 JPMorgan Chase & Co. All rights reserved.