Garanti BBVA Romania Contributes €48M to Ford Otosan Loan

Garanti BBVA Romania contributed €48 million to the syndicated loan raised by Ford Otosan Romania, thus supporting the electrification of the auto industry in Romania. The financing will be used to support the production of the new Ford Puma, the Ford Transit Courier and Ford Tourneo Courier models, as well as the production of their all-electric versions.

Garanti BBVA International NV separately committed an additional €20 million in the syndicated transaction of Ford Otosan Romania worth €435 million, in a consortium of banks led by BRD Societe Generale as the MLA coordinator and Bookrunner of the transaction.

The syndicated loan granted to Ford Otosan represents a shared commitment to sustainability by a significant group of international and Romanian banks, of which Garanti BBVA is a part. This loan marks a strategic step towards the electrification of the auto industry in Romania and a key project for the local economy. Furthermore, the initiative supports energy transition, and we are proud to join as financial partners“, said Bilge Demirer, Deputy General Manager of Garanti BBVA Romania.

Garanti BBVA Romania thus operates in line with the principles of the Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA), of which it is a part, a global pioneer in sustainability. BBVA conducted sustainable business activities worth over €20 billion in the first quarter of 2024, up 41% compared to the same period last year. Furthermore, BBVA is approaching its goal of mobilizing €300 billion between 2018 and 2025, with €226 billion already committed. Moreover, BBVA receives the highest Dow Jones sustainability index score annually in the EU.

Ford Otosanford pumaGaranti BBVA Romanialoan
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