Garanti Leasing will use the loan to grant SMEs new financing in leasing for equipment, vehicles, transport and commercial vehicles.
Garanti Leasing focuses on financing SMEs and holds 4.6% of the Romanian leasing market. Garanti Leasing is part of financial-banking group Garanti Romania, controlled by Turkiye Garanti Bankasi AS (TGB), the second largest private bank in Turkey.
Garanti Leasing boasts over 18 years of experience on the Romanian market, has financed over EUR800 million via financial leasing and closed more than 43,000 leasing contracts. The company currently operates in eight offices, in collaboration with the 84 Garanti Bank units.
The EBRD is a leading institutional investor in Romania, which has invested over EUR7 billion in the country to date and has also mobilized more than EUR14 billion from other sources of financing.