EFSE inks EUR 7 mln loan deal with Garanti Leasing

Newsroom 03/07/2014 | 18:17

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.

Ovidiu Posirca


BR Magazine | Latest Issue

Download PDF: Business Review Magazine April 2024 Issue

The April 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Caring for People and for the Planet”. To download the magazine in
Newsroom | 12/04/2024 | 17:28
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue