BT Leasing - Senior Loan for SMEs

Location:

Romania

Project number:

42968

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Approval date:

10 Jul 2012

Status:

Completed

PSD disclosed:

20 Dec 2012

Translated version of this PSD: Romanian

Project Description

The EBRD extended a €10 million SME loan to BT Leasing Transilvania IFN, Banca Transilvania’s leasing subsidiary. The EBRD loan will be used by BT Leasing to support Romanian SMEs by providing financial leases.

Transition Impact

The proposed loan will contribute to the development of the leasing financing in Romania, as well as to channelling financial support to SMEs, which still have limited access to funding sources. The EBRD loan will enable BT Leasing to diversify its funding sources and benefit from long term financing.

The Client

BT Leasing was set up in 1995 and is fully owned by Banca Transilvania. As of end of 2011, the company had total assets of € 44.4 million, total equity of €11 million and net profit of €2.1 million (IFRS audited).

EBRD Finance

A senior loan for up to €10 million extended by the Bank to BT Leasing.

Project Cost

Up to €10 million.

Environmental Impact

Categorised FI. BT Leasing will be required to continue to comply with the EBRD's Performance Requirements 2 & 9 and the EBRD’s Environmental and Social Procedures for Leasing. This will include adherence to the EBRD's Environmental and Social Exclusion Lists and submission of annual environmental and social reports to the Bank.

Technical Cooperation

None.

Company Contact

BT Leasing
Cluj-Napoca, George Baritiu Street, no. 1, 1st floor
E-mail: btleasing.@btleasing.ro

Contact: Mr. Ionut Morar – Leasing Director
Phone: +40 264 402 010
Fax: +40 264 444 150
Email: ionut.morar@btleasing.ro

 

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

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Text of the PIP

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