Garanti BBVA Leasing, part of the Garanti BBVA Group Romania, is signing a new 10 million euros loan agreement with the European Bank for Reconstruction and Development (EBRD) to support the development of SMEs in Romania.

The financing will enable Garanti BBVA Leasing to offer micro-enterprises and SMEs access to leasing products, to purchase the equipment and vehicles needed for their development.

Moreover, under this new agreement, 30 percent of the funds will be directed to projects supporting the transition to a green economy.

“We are delighted to extend our long-standing partnership with the European Bank for Reconstruction and Development and continue to support the growth and resilience of small and medium-sized enterprises in Romania. The inclusion of dedicated green financing funds represents a significant step forward, perfectly aligning with Garanti BBVA Leasing’s strategy to offer companies leasing options for sustainable, environmentally friendly projects,” said Okan Yurtsever, General Manager of Garanti BBVA Leasing.

This new loan represents the fifth agreement signed between Garanti BBVA Leasing and the EBRD since 2016 and increases the total financing received to 45 million euros.

“I’m pleased to expand cooperation with our longstanding partner Garanti BBVA Leasing. The project will improve access to finance for SMEs while also encouraging investments in green technologies. Garanti BBVA Leasing’s focus on SMEs is aligned with EBRD’s strategic objective for Romania to support SME lending“, stated Victoria Zinchuk, EBRD Head of Romania.