BT Leasing - Senior Loan for SMEs

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Translated version of this PSD: Romanian 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. 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. 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). A senior loan for up to €10 million extended by the Bank to BT Leasing. Up to €10 million. 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. None. 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