Garanti Leasing Romania, part of Turkish banking group Garanti, has received €15m in funding from the European Fund for Southeast Europe (EFSE).
The funding, which comes in the form of a senior loan, is aimed at facilitating financing for SMEs, micro-enterprises and individual entrepreneurs.
The EFSE and Garanti Leasing first partnered up for a similar loan in 2014.
EFSE board chairman Christoph Tiskens said: “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.”
Garanti Leasing general manager Okan Yurtsever added: “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.”
Garanti Leasing operates in the auto, equipment and property leasing segments.