Garanti Leasing, the first leasing company in Romania signing a gender finance agreement with IFC

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Garanti Leasing, part of Garanti Romania has signed a loan agreement of EUR 5.5 million with International Finance Corporation (IFC), a member of World Bank Group, for financing small and medium sized enterprises owned or managed by women, a press release informs.

Thus, Garanti Leasing becomes the first leasing company in Romania that finances women owned or managed SMEs, through an agreement with IFC.

This is the third agreement signed by IFC with Garanti Group Romania, targeting to back women entrepreneurship and leadership, and facilitate their access to finance. Previously, Garanti Bank has partenered with IFC, in 2012 (EUR 22.5 million) and 2014 (EUR 35 million), in order to offer loans for the development of businesses owned or managed by women.

“(…) In the months to come we will focus on our healthy sustainable growth on the local market and on further diversifying our portfolio of financed assets”, Okan Yurtsever, General Manager, Garanti Leasing stated.

Garanti Leasing is a strong supporter of local SMEs and has previously received EUR 7 million from IFC in this respect.

In the first quarter of 2017, Garanti Leasing has granted new financing worth EUR 21.87 million, continuing the same increasing trend as last year. The distribution of new funded assets, in the first three months of the year, was: vehicles (48 percent), equipment (18 percent) and real estate (34 percent).

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