The EIB Group’s support is backed by guarantees from the European fund for strategic investments (EFSI).
“Deutsche Leasing has been present in Romania for over 12 years and, during this period, it has been the favorite financing partner of SMEs in Romania for investments in equipment. Due to our specialization in farm equipment financing, most of our debtors are located in rural areas and, via leasing and other financing solutions, we have contributed to the development of these areas,” stated Laurentiu Zaharia, General Manager of Deutsche Leasing Romania.
This is the first transaction of synthetic securitisation in Romania and enables the EIB Group to provide an alternative capital management instrument for a financial services partner in the country. Securitisation will help ensure the regulated capital and will also bring Deutsche Leasing Romania an additional financing capacity to support the investments of local enterprises.
First of all, the agreement aims to support small and medium-sized enterprises (SMEs) in rural areas to be able to finance the equipment needed for their operations, thus, contributing to supporting the economic development and jobs during this rough period.