Romanian Banca Transilvania’s leasing firm gets EUR 20 mln loan from EBRD

banca transilvaniaBT Leasing, a leasing company owned by the second largest local lender, Banca Transilvania, will get a EUR 20 million loan from the European Bank for Reconstruction and Development (EBRD) to increase access to financing for small and medium-sized businesses in Romania, especially those located outside big cities. BT Leasing and EBRD have four loan contracts which provides to BT Leasing 45 millions euro.

BT Leasing’s focus is on SMEs. The company wants to become the leader among leasing companies in Romania, focusing in particular on regional firms, according to Romania-Insider.com.

“In the first four months of this year, we’ve funded goods of EUR 41 million, up 27% over the same period last year,” said Ionut Morar, BT Leasing general director.

 

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