Romania’s BT Leasing, part of Banca
Transilvania, is set to receive €5m from the European Bank of
Reconstruction and Development (EBRD) to finance the development of
small and medium sized enterprises (SMEs).
This is BT Leasing’s third loan facility from the EBRD, which it
plans to use in lending funds of up to €125,000 to new SME
clients.
EBRD’s loan facility is part of a joint programme between the EBRD
and the European Union to promote SME growth and development across
EU accession countries.

This facility is of particular relevance to Romania, which is in
the process of rapid infrastructural development and has SMEs in
need for more affordable funding. Furthermore, Romania’s economy is
largely supported by alternative financing, such as leasing, which
grew 51 per cent year-on-year for 2007.