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EBRD providing 10 mln euro loan to Garanti Leasing Romania to back MSMEs

The European Bank for Reconstruction and Development (EBRD) said last week it is providing a loan of up to 10 million euro ($11.7 million) to Garanti Leasing, part of financial group Garanti Romania. Garanti Leasing will use the loan to broaden access to finance for local micro, small- and medium-sized enterprises (MSMEs), the EBRD said in a press release. Even though leasing represents an attractive alternative for local MSMEs to support their ...

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