Asset finance company Garanti Leasing, a subsidiary of financial group Garanti Romania, has announced an agreement with the Black Sea Trade and Development Bank (BSTDB) for a loan of €7.5m destined for investment in SMEs.

Garanti Romania is a part of Turkish bank Garanti.

Garanti Leasing has been active in the asset finance sector since 1990, and the company’s client’s hail from several sectors, including transportation, logistics, healthcare, agriculture, construction and heavy industry.

Okan Yurtsever, general manager Garanti Leasing, said: "We started focusing on the corporate and SME segments three years ago, responding to our clients’ financing needs.

"The small and medium-sized companies represent a priority for the Romanian economy and need diversified sources of financing to provide for business growth."

Since its first leasing facility extension in the Black Sea region in 2003, BSTDB has signed 16 leasing operations in Bulgaria, Georgia, Moldova, Romania, Russia, and Turkey, totalling over €110m.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.