Garanti Leasing said on Thursday it has reached an agreement with the European Fund for Southeast Europe (EFSE) for a EUR 7 million loan that will be made available for micro and small-sized companies in Romania.
The leasing firm facilitates the acquisition of production equipments, agriculture machinery and commercial vehicles. Its current portfolio of clients spans a wide array of sectors including logistics and constructions.
Okan Yurtsever (in picture), general manager of Garanti Leasing, said: “Micro and small-sized enterprises are an important segment for the Romanian economy. However, they are still grappling with limited access to financing that is necessary for growth and to become successful.”
The firm is part of the financial group Garanti Group and has granted over EUR 650 million for assets in financial leasing, inking over 40,000 leasing contracts since starting operations.
The EFSE was founded the KfW Development Bank, with support from the German Ministry for Economic Cooperation and Development and the European Commission. The fund is financing primarily countries in the Balkans region.