The European Fund for Southeast Europe (EFSE) has provided a senior loan of EUR 20 million to BT Leasing Transilvania (BT Leasing) to support local micro and small enterprises and individual entrepreneurs (MSEs), a press release informs.
“Economic growth prospects in Romania are very promising but we need partner lending institutions like BT Leasing to step in and make financial inclusion happen. BT Leasing has the expertise, capacity and infrastructure to reach out to businesses across the country in a sustainable manner.” EFSE Board Chairman Christoph Tiskens said.
The loan aims to contribute to the success of the businesses themselves, as well as to encourage investment and support overall economic development in Romania, the release reads.
According to Ionut Morar, CEO of BT Leasing, this is the second loan agreement with the European Fund for Southeast Europe (EFSE), the first one having been implemented from 2007 to 2012.
A member of Banca Transilvania Financial Group, BT Leasing offers financial solutions aimed at strenghening the business activities of local entrepreneurs – making it a solid match for the EFSE’s mandate to promote economic prosperity by bolstering the ability of local financial players to provide affordable financing to MSEs.
”We are glad to receive this funding that allows us to support Romanian entrepreneurs, especially micro and small enterprises, because financial leasing is the easiest form of investment financing for such companies,” Morar stated.