The funds will be used to support small and medium-sized enterprises (SMEs) in Romania in accessing green financing and to contribute to environmental protection, by reducing climate risks and focusing on the positive environmental impact of the projects.
Out of the total amount of of EUR20 million, 80% will be directed towards green financing provided to SME customers, while 20% will be allocated to support projects undertaken by Women Majority Controlled SMEs (WMC), continuing Garanti BBVA`s strategy of supporting women entrepreneurs.
“(…) This achievement marks a crucial moment in our strong commitment to sustainability and nature-friendly initiatives, and also to the support of businesses owned or led by women. With this new funding, we are well-equipped to offer our customers innovative leasing options that encourage and empower them to make environmentally conscious, sustainable purchases. Our mission is not only to provide exceptional leasing services but also to drive positive changes in the world by promoting eco-conscious choices. Together with our international partner, we are dedicated to shaping a greener and more sustainable future for all,” said Okan Yurtsever, General Manager, Garanti BBVA Leasing.
Garanti BBVA Leasing has a long-term partnership with IFC, which began in 2014 and has received four loans from this financial institution to date. Over time, the funds have been directed towards supporting investments in energy efficiency, and renewable energy, and providing financial support for initiatives of companies predominantly controlled by women.
Garanti BBVA Leasing (the brand under which Motoractive IFN SA operates) is part of financial group Garanti BBVA Romania. The Group brings together Garanti BBVA and Garanti BBVA Credite de Consum (the brand under which the company Ralfi IFN operates).