This is the second agreement concluded between Garanti Leasing and BSTDB, which aims to encourage and develop local SMEs. The two institutions had previously signed a funding agreement worth EUR7.5 million, for a five-year period.
In the first half of 2017, Garanti Leasing granted new financing of EUR38 million, continuing last year’s evolution. Financing targeted vehicles (51%), equipment (20%) and real estate (29%).
Garanti Leasing has a total volume of assets of RON764 million (EUR166 million), starting August 2017.
Garanti Leasing has been part of financial-banking group Garanti Romania since 2010. Garanti Group also includes Garanti Bank and Garanti Credite de Consum (Consumer Loans).