State-owned lender EximBank has granted a RON 100 million (EUR 21.9 million) loan to BCR Leasing, a non-banking financial institution that is part of BCR group.

The money will help the leasing company grant short-term and medium-term loans to its customers. The loan was given for 60 months with a grace period of 12 months from the period of use of three months. It was partially secured with a letter of guarantee issued by Erste Group Bank, BCR’s majority shareholder, according to information provided by EximBank.

“Partnering with BCR Leasing is another channel through which we can indirectly finance both small and medium companies, which represent over 80% in the portfolio of BCR Leasing IFN, as well as corporate customers,” said Traian Halalai, executive president of EximBank.

editor@romania-insider.com