BSTDB Boosts Romanian SME Sector with New Agreement with Garanti BBVA Leasing
Partnership Marks a Decade of Empowering Romanian SMEs
The Black Sea Trade and Development Bank (BSTDB) is strengthening its support for Romanian small and medium-sized enterprises (SMEs) through a new EUR 20 million loan to Garanti BBVA Leasing. The funds will enable Romanian SMEs to invest in capital assets, expand operations and improve their competitiveness.
This latest facility marks the fourth financing agreement between BSTDB and Garanti BBVA Leasing within the past decade, underscoring the strength and continuity of the partnership. Over the years, BSTDB has extended a cumulative EUR 42.5 million in financing to Garanti BBVA Leasing, enabling the support for over 500 businesses. These collaborations have facilitated critical investments, strengthened operational capacities, and improved market competitiveness for SMEs across Romania.
SMEs play a crucial role in Romania’s economy, serving as a key source of income and employment. By empowering this sector, the new facility is anticipated to deliver significant development impact, enhancing export capacity, generating tax revenues, and fostering economic growth.
The initiative also underscores the importance of cross-border cooperation, fostering stronger economic ties between BSTDB Member States, particularly Romania and Türkiye.
"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."
"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.
Garanti BBVA Leasing (legal name Motoractive IFN SA)is part of the Garanti BBVA Romania Financial Group, which brings together the banking institution Garanti BBVA, Garanti BBVA Consumer Finance, and Garanti BBVA Fleet Management. Garanti BBVA Romania is owned by Garanti BBVA, the second-largest private bank in Türkiye per consolidated asset size, having as majority shareholder, the Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA). With a 26-year tradition in the Romanian leasing market, Garanti BBVA Leasing complements the range of products and services offered by the Garanti BBVA Group with leasing offers for car fleets and commercial vehicles, equipment and real estate leasing, sale and lease-back options. For more information and updates, please visit Garanti BBVA Leasing’s web pagewww.garantibbvaleasing.roandLinkedInpage.
TheBlack Sea Trade and Development Bank (BSTDB)is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquartersare in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visitwww.bstdb.org.
Contact:Haroula Christodoulou
: @BSTDB
