Bucharest, May 24, 2017—IFC, a member
of the World Bank Group, has provided a €5.5 million loan to Garanti Leasing,
part of Garanti Romania, one of the most dynamic financial groups on the
for financing small and medium enterprises (SMEs) owned or managed by women.
Thanks to the agreement, Garanti Leasing
will become the first leasing company in Romania directly financing women-owned
or -managed SMEs. The company is continuing Garanti Bank’s strategy of
supporting women entrepreneurs.
This is the third agreement signed by IFC
with Garanti Group Romania targeting women entrepreneurs and improving
their access to finance. IFC previously provided long term loans to Garanti
Bank in 2011 (€22.5 million) and 2014 (€35 million) for onlending to
businesses in Romania owned or managed by women.
“Garanti Leasing, as part of Garanti Group,
has an ongoing strategy of supporting
companies with women shareholders or women in their top management structures,”
said Okan Yurtsever, General Manager,
Garanti Leasing. “With this
we enforce our long-term commitment to encouraging this segment. In the
months to come,
we will focus on healthy sustainable growth in the local market and in
further diversifying our portfolio of financed assets.”
Garanti Leasing is a strong supporter of
Romanian SMEs and has previously received €7 million from IFC in this
In the first quarter of 2017, Garanti Leasing granted new financing worth
“IFC is actively supporting women entrepreneurs
in Romania through its work with Garanti Group,” said Manuel Reyes-Retana,
IFC Regional Head for Financial Institutions Group in Europe, Middle East
and North Africa. “Following our loans to Garanti Bank, we are now also
engaging with Garanti Leasing to reach even more women entrepreneurs and
increase their access to finance,
so they can grow their businesses and generate new employment.”
The private sector is a key catalyst for
creating more and better jobs for women and IFC will continue its work
to help develop Romania’s private sector and support women entrepreneurs,
directly or through its partner institutions in the country.
IFC, a member of the World Bank Group,
is the largest global development institution focused on the private sector
in emerging markets. Working with 2,000 businesses worldwide, we use our
six decades of experience to create opportunity where it’s needed most.
In FY16, our long-term investments in developing countries rose to nearly
$19 billion, leveraging our capital, expertise and influence to help the
private sector end extreme poverty and boost shared prosperity. For more
information, visit www.ifc.org
About Garanti Leasing
With a tradition of almost 20 years on the
Romanian leasing market, Garanti Leasing (the brand under which the company
Motoractive IFN SA operates) completes Garanti Group’s range of products
and services with offers for vehicles, equipment and real estate leasing,
sale & lease-back. The company has disbursed over EUR 800 million for
assets under finance leases and entered into over 51,000 lease contracts
since its inauguration, currently operating from eight offices and creating
synergies with Garanti Bank’s branches.
Garanti Leasing is part of the financial-group
Garanti Romania since 2010. The Group also brings together Garanti Bank
and Garanti Consumer Finance (the brand under which Ralfi IFN operates).
Garanti Group is held by Turkiye Garanti Bankasi AS (TGB), Turkey’s second
largest private bank. TGB is a universal bank with leading presence in
all business lines. The bank serves more than 14 million customers in corporate,
commercial, SME, and consumer segments offering fully integrated financial
services. The Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA)
is the majority shareholder of TGB, with a 49.85 percent share. For further
details, please visit http://www.garantileasing.ro/.