Garanti BBVA Leasing, part of Garanti BBVA Group Romania, is reinforcing its commitment to supporting small and medium-sized enterprises (SMEs) in Romania, by securing a EUR 20 million loan, from the Black Sea Trade and Development Bank (BSTDB). The funding will enable companies to invest in essential capital assets, expand their operations, and enhance their competitiveness in local and international markets.
This facility marks the fourth financing agreement between BSTDB and Garanti BBVA Leasing during their ten-year partnership. Thus, EUR 42.5 million have been invested in the local economy via SME financing by Garanti BBVA Leasing with the funding from BSTDB. Over 500 Romanian businesses have benefited from these collaborations, receiving critical financial support that drives investments, bolsters operational capacities, and promotes long-term economic resilience.
“Our collaboration with BSTDB over the years has been instrumental, in enabling us to offer tailored financing solutions that meet the evolving needs of Romanian businesses. This new loan strengthens our ability to support SMEs in acquiring the equipment and assets they need to grow and compete effectively. As businesses navigate a rapidly changing economic environment, we aim to provide the financial tools that help them seize opportunities and build for the future”, stated Okan Yurtsever, General Manager of Garanti BBVA Leasing.
Romania’s SMEs play a crucial role in the national economy, accounting for significant income generation and employment opportunities. This new loan is expected to have far-reaching developmental impacts, by facilitating access to modern equipment and resources, such as enhancing export capacity, generating tax revenues, and fostering economic growth.
This milestone also highlights the enduring partnership between BSTDB and Garanti BBVA Leasing in advancing Romania’s economic and business landscape.
“Leasing is a powerful and flexible alternative to traditional financing methods, offering businesses an accessible and efficient means to acquire essential equipment and assets without requiring substantial upfront investments,” said Dr. Serhat Köksal, BSTDB President. “By collaborating with Garanti BBVA Leasing, a longstanding and trusted partner, we are reaffirming our commitment to empowering Romania’s SME sector—a vital pillar of the national economy and a key source of income and employment for its citizens.”
Garanti BBVA Leasing remains dedicated to supporting the development of SMEs, providing innovative financing solutions to ensure they thrive in competitive markets.