International Leasing borrows 18m euros from banks

Leasing company International Leasing has signed contracts for funding worth 18 million euros, 80% of which will come from the BCR. The remainder of the loan will be granted by Piraeus Bank and Banca Romaneasca. The BCR will grant 14.7 million euros to the leasing company, divided into two instalments. A sum of 14.7 million euros should be granted by the end of this year, with the remaining 3 million euros being made available at a later date. International Leasing will also borrow 2.1 million euros from Piraeus Bank and 2 million euros from Banca Romaneasca. The sums will cover funding for new contracts, as well as the refinancing of financial leasing contracts that have already been closed. “We will use part of the capital we have secured to start an ambitious project of territorial expansion. The project also includes a first on the local leasing market, the franchising of the International Leasing brand,” said Ioana Necula, the company’s manager and main shareholder.