Romania: Garanti Leasing - EFSE, Loan Agreement of EUR 15 M to Increase Access t...
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Romania, December, 04 2017 - Garanti Leasing, part of Garanti Romania, has signed a loan agreement of EUR 15 million with the European Fund for Southeast Europe (EFSE). According to a press release, the facility is meant to increase access to financing for local micro and small enterprises (MSEs) and individual entrepreneurs.
This is the second time Garanti Leasing partners with EFSE. Previously, the two institutions have signed an agreement in 2014, for a EUR 7 million loan, aimed at encouraging the development of local MSEs.
“Entrepreneurship is an important factor that has boosted the development of the economy in Romania. Garanti Leasing, like all Garanti Group institutions, is a strong supporter of entrepreneurs, and we have a long term commitment to stand by them with tailored business development solutions. EFSE has been a partner for Garanti Leasing in the past years and we are thus glad to sign this new agreement and reinforce our mutual objectives”, Okan Yurtsever (photo), General Manager Garanti Leasing stated.
“We are very pleased to expand our cooperation with Garanti Leasing Romania. The company has the expertise, capacities and infrastructure to reach out to businesses across the country in a responsible manner, furthering the development goals of EFSE”, said Christoph Tiskens, Chairman of the Board, EFSE.
In the first nine months of 2017, Garanti Leasing has granted new financing worth over EUR 63 million, over 1,000 new contracts having been signed between January and September. The distribution of new funded assets, in the first nine months of the year, was: vehicles (50 percent), equipment (22 percent) and real estate (28 percent).