Guaranteed BBVA Leasing signs a 10 million euro loan agreement with IFC to support SMEs – The Diplomat Bucharest
Garanti BBVA Leasing, part of the Garanti BBVA Romania group, has signed a loan agreement of 10 million euros with the International Finance Corporation (IFC), a member of the World Bank Group, aimed at supporting SMEs affected by the pandemic.
This new agreement signed by Garanti BBVA Leasing will provide leases to small and medium-sized businesses in Romania, including women-owned businesses, affected by the COVID-19 pandemic, and help them continue their activities, protect jobs and accelerate the recovery. .
“The effects of the pandemic are being felt throughout the economy, and businesses, especially SMEs, are in dire need of our support. Guaranteed BBVA Leasing has a long-standing partnership with IFC and in 2017 became the first leasing company in Romania to finance SMEs owned or managed by women. Now we intend to continue our strategy in 2021 in this direction and we are also very proud to have an aligned mission of supporting the return to normalcy after the pandemic ”, said Okan Yurtsever, Managing Director of Garanti BBVA. Leasing.
The finance package is part of IFC’s $ 8 billion COVID-19 Global Fast Track Financing Facility, which aims to support private businesses and their employees affected by the effects of the COVID-19 pandemic on the economy.