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GarantiLeasingRO

Sector: Raw Materials • Location: Romania

Source: International Finance Corporation (IFC)

Project
Completed

The proposed project consists of a senior loan facility of EUR7 million to Motoractive IFN SA (“GLR”). The purpose of the loan is on-lending to SME’s and EUR4 million has been earmarked to finance eligible renewable energy and sustainable finance projects.The project is the first SME and Sustainable Energy finance transaction between IFC and a leasing company in Romania.Established in 1998, Motora

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Project Information

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The project “GarantiLeasingRO” is an infrastructure initiative in the Raw Materials sector, located in Romania. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

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Description

Description

The proposed project consists of a senior loan facility of EUR7 million to Motoractive IFN SA (“GLR”). The purpose of the loan is on-lending to SME’s and EUR4 million has been earmarked to finance eligible renewable energy and sustainable finance projects.The project is the first SME and Sustainable Energy finance transaction between IFC and a leasing company in Romania.Established in 1998, Motoractive IFN SA is the 8th largest leasing company in Romania with a market share of 4.2% as at December 2013. In 2010 Turkiye Garanti Bankasi (“TGB”) became the largest shareholder of Motoractive IFN SA and rebranded it as Garanti Leasing Romania in 2011.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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