The European Fund for Southeast Europe (EFSE) has provided a senior loan of EUR 20 million to BT Leasing Transilvania to support local micro and small enterprises (MSEs) and individual entrepreneurs.
A member of Banca Transilvania Financial Group, BT Leasing offers dedicated financial solutions aimed at strengthening the business activities of local entrepreneurs, making it a solid match for the EFSE’s mandate to promote economic prosperity by bolstering the ability of local financial players to provide affordable financing to MSEs. The loan aims to contribute to the success of the businesses themselves, as well as to encourage investment and support overall economic development in Romania.
EFSE Board Chairman Christoph Tiskens said: “Our partnership with BT leasing is going strong. Economic growth prospects in Romania are very promising but we need partner lending institutions like BT leasing to step in and make financial inclusion happen. BT leasing has the expertise, capacity and infrastructure to reach out to businesses across the country in a sustainable manner.”
According to Ionut Morar, CEO of BT Leasing, this is the second loan agreement with EFSE, after another was implemented from 2007 to 2012.