“Three years ago we started focusing on the corporate and SME segments, responding to our clients’ financing needs. Small and medium-sized companies represent a priority for the Romanian economy and need diversified sources of financing to provide for business growth,” said Garanti Leasing general manager Okan Yurtsever.
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.
Garanti Leasing (the brand under which the company Motoractive IFN SA operates) started acttivity 15 years ago ans is part of financial-group Garanti Romania.
Since its inception, the company has disbursed over EUR650 million for assets under finance leases and signed over 40,000 leasing contracts.
Garanti group also includes Garanti Bank and Garanti Credite de Consum (the brand under which Ralfi IFN operates). The group is owned by Turkiye Garanti Bankasi AS (TGB), the second largest bank in Turkey by assets.
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. It supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries.
The bank has an authorized capital of EUR3.45 billion.