EBRD Lends EUR 30 Mln Loan to Raiffeisen Leasing to support MSMEs in Romania

Professional ServicesFinancial Services ♦ Published: January 15, 2015; 19:30 ♦ (Vindobona)

The European Bank for Reconstruction and Development (EBRD) is increasing the availability of financing to private businesses in Romania with a RON 132 million (€30 million equivalent) loan to the Bucharest-based Raiffeisen Leasing IFN S.A, a subsidiary of Austrian Raiffeisen Bank International AG (RBI).

Financing boosts Romanian local currency leasing market / Picture: © Raiffeisen Bank International AG

This is the EBRD’s first local currency loan to a leasing company in Romania. The funds will be on-lent to micro, small and medium-sized enterprises (MSMEs) to finance leases of equipment, trucks, trailers and commercial vehicles.

Given the prevalent financial constraints that small businesses face, leasing represents an attractive alternative for local MSMEs to fulfil…