OREANDA-NEWS. The Black Sea Trade and Development Bank (BSTDB) announces the financing of a Euro 30 million loan to Is Leasing Turkey. The maturity of the loan is five years.
 
Financial Leasing is a perfect tool of financing investments of SMEs for capital goods, in the case of lack of sufficient collateral. In particular, this project would have positive development impact on the SME sector in Turkey. The BSTDB loan will allow Эю Leasing to meet its medium-term funding needs associated with SMEs and respond to demand from local business for longer term leasing contracts.
 
Since its inauguration, BSTDB signed 15 leasing operations in the amount of EUR 72 million in Bulgaria, Georgia, Moldova, Romania and Russia. The operation is the first involvement of BSTDB in the leasing sector in Turkey, increasing the amount of signed leasing operations to EUR 102 million.