The loan has a 7-year maturity.
The partnership between Garanti BBVA Group and BSTDB started back in 2014, with loans granted to the bank in Romania totaling around EUR100 million.
“We are delighted to enhance our partnership with BSTDB through this significant loan and deeply appreciate their ongoing support for our bank and the entire Garanti BBVA Group in Romania. This financial assistance is crucial for enhancing Garanti BBVA’s capacity to aid the local business environment. The funds allow us to expand our lending capabilities, underscoring our shared commitment to financial stability and long-term development in the country, ensuring that we contribute positively to Romania’s economic landscape,” said Mustafa Tiftikcioğlu, CEO of Garanti BBVA Romania.
Garanti BBVA Romania, active locally since 1998, is held by Garanti BBVA Turkey (TGB).
(English version by Catalina Apostoiu)