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August 1, 2021
BUSINESS

EUR 10 M EBRD loan to BT Leasing to support new leasing to SMEs

The European Bank for Reconstruction and Development (EBRD) is continuing to secure financing for private businesses in Romania with a EUR 10 million loan to BT Leasing Transilvania IFN S.A., the leasing subsidiary of Banca Transilvania, a press release informs. The financing will enable the company to further support local small and medium-sized enterprises (SMEs) as Romania strives to restart and consolidate growth. The loan will also foster the development of the leasing market in Romania, where limited external funding for non-bank financial institutions has historically led to constraints in supporting SMEs. Since the beginning of its operations, the EBRD has invested about EUR 6 billion in over 315 projects in Romania, mobilising over EUR 11 billion for the projects from other sources of financing.

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