LEASING | ENGLISH

Garanti Leasing receives a EUR 7.5 million loan from Black Sea Trade and Development Bank to finance SMEs

Trimite stirea unui prieten
Nume *
E-mail *
E-mail prieten *
Mesaj
Cod validare * Turing Number
Tastati codul din imagine (doar cifre)
195.154.184.126

Autor: Bancherul.ro
2014-05-09 09:10

Garanti Leasing, part of the financial-group Garanti Romania, has signed a loan agreement for EUR 7.5 million with the Black Sea Trade and Development Bank (BSTDB). The facility was granted for 5 years and will be used to support Garanti Leasing’s activities and diversify its funding sources for on-lending to small and medium-sized enterprises (SMEs), according to the bank press release.

Currently, 99% of Garanti Leasing’s clients are companies from sustainable market segments, such as transportation, logistics, medical sector, agricultural, constructions, heavy industry, etc.

 “Three years ago we started focusing on the corporate and SME segments, responding to our clients’ financing needs. The small and medium-sized companies represent a priority for the Romanian economy and need diversified sources of financing to provide for business growth. Therefore, we are glad to start this partnership aimed at improving access to finance for SMEs, and also benefiting the development of Romania’s economy”, stated Okan Yurtsever, General Manager, Garanti Leasing.

“At a time when businesses continue to face limited access to financing mechanisms, leasing serves as an alternative funding source stimulating job creation and income generation. We expect that the financing we are providing today will also contribute to the regional cooperation between Romania and Turkey, which is a BSTDB objective as a regional development bank”, said Mr. Nejdet Sarisozen, BSTDB Director for Financial Institutions.

BSTDB extended its first leasing facility in the Black Sea region in 2003 and since then has signed 16 leasing operations in the amount of EUR 103 million in Bulgaria, Georgia, Moldova, Romania, Russia, and Turkey. The loan to Garanti Leasing increases the amount of signed leasing operations to over EUR 110 million.

Comentarii



Adauga un comentariu
Nume *:

E-mail *:
(nu se afiseaza pe site)
Subiect:
*
Comentariu:

Turing Number

Tastati codul din imagine (doar cifre)  



Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH



European Commission progress report on Romania under the Cooperation and Verification Mechanism

European Commission - Press release European Commission´s progress report on Romania under the Cooperation and Verification Mechanism Strasbourg, 13 November 2018 European Commission´s progress report on Romania under the Cooperation and detalii

IMF concludes visit to Romania

IMF Staff Concludes Visit to Romania (press realease): End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the detalii

Digitalization will make most traditional banks irrelevant by 2030, according to a Gartner report

By 2030, 80 percent of heritage financial services firms will go out of business, become commoditized or exist only formally but not competing effectively, according to a Gartner statement. These firms will struggle for relevance as global digital platforms, fintech companies and other detalii

Erste Group aquires minority stake in BCR from SIF Oltenia

Erste Group and SIF Oltenia announce the preliminary agreement for the acquisition of a 6.29% stake in BCR, according to a statement. - Erste Group to acquire the entire stake held by SIF Oltenia in Banca Comerciala Romana for EUR 140 million - The execution of the transaction is detalii