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December 6, 2021
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Garanti BBVA provides financing of EUR 4.5 million to Softronic for the construction of two electric locomotives

Garanti BBVA Romania granted a financing of EUR 4.5 million to the manufacturer Softronic SRL for building two new electric locomotives. Garanti BBVA has a longstanding relationship with Softronic Group, one of the largest local locomotives producers.

The recently granted financing for building clean transportation railway solutions is the third in the history of Garanti BBVA – Softronic banking relationship, following two other loans granted in 2014 and 2018. The previous loans were also aimed at facilitating green investments.

Garanti BBVA Romania continues to support as a financier the local business environment and local entrepreneurs’ investment projects. We are very proud to join forces with Softronic once again and we will continue to be a long-term reliable partner for local businesses. Every green project we add to our portfolio is a success for us and is our goal to support as many environmentally friendly investment initiatives as possible”, stated Çağri Memişoğlu, Deputy General Manager at Garanti BBVA Romania.

Garanti BBVA Romania is very active in supporting the Romanian business environment, bringing innovative solutions adapted to its clients’ needs on the market.

“Without support from a bank, investment and production activities cannot be sustained. For us, Garanti BBVA has always been a good partner with whom we have completed important projects. ”, stated Ionel Ghiță, administrator of Softronic .

The locomotives produced by Softronic SRL are designed to tow freight trains with many heavy wagons, that can operate on railways with high slopes, wet or covered with leaves, ice and heavy snow.

 

About Garanti BBVA

 

Garanti BBVA is a universal bank, part of Garanti BBVA Group Romania, which consists also of Garanti BBVA Leasing (the brand under which Motoractive IFN SA operates) and Garanti BBVA Consumer Finance (the brand under which Ralfi IFN SA operates), which complete the bank’s offer with specific leasing products (financial leasing – vehicles, equipment, real estate – sale & leaseback), fleet administration services, as well as consumer loans.

Active in Romania since 1998, Garanti BBVA Romania is a subsidiary of Garanti BBVA Turkey, the second largest private bank in Turkey, with a total asset size of USD 70.4 billion (as of June 2021), a leading presence in all business lines, and more than 19 million customers.The majority shareholder of Garanti BBVA Turkey is Banco Bilbao Vizcaya Argentaria (BBVA), which is one of the leading global financial groups with a total asset size of over EUR 648 billion, serving 78.9 million customers (as of June 2021).

For further information and to stay updated, please visit www.garantibbva.ro, and follow facebook.com/GarantiBBVARomania and linkedin.com/company/garanti-bbva-romania

 

About Softronic Craiova

 

Softronic Craiova is the only locomotive and Electrical train manufacturer in South-Eastern Europe.

Founded in 1999, Softronic was set on the railway suppliers market, having high-quality products, services, and adeptness. The company’s founding members have a rich activity in testing equipment for railway traction vehicles and previously conducted research activities in the railway traction domain. It was authorized as a railway supplier, and with a certified quality system ISO 9001:2008, it increased its activity from year to year.

Softronic continues the Craiova City tradition of over 50 years in the construction of locomotives. Understanding the needs of the operators, the company provides a modern locomotive, with asynchronous electrical traction motors, matching the technical conditions under european standards and requirments of the European Railway Agency. Nowadays, the locomotives of Softronic are running on railways in Romania, Hungary, Slovakia and Sweden.

 

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