Garanti BBVA Romania contributes 48 million euros to syndicated loan raised by Ford Otosan Romania

Garanti BBVA Romania contributes 48 million euros to the syndicated loan raised by Ford Otosan Romania, thus supporting the electrification of the auto industry in Romania. The financing will be used to support the production of the new Ford Puma, the Ford Transit Courier and Ford Tourneo Courier models, as well as the production of their all-electric versions.

“The syndicated loan granted to Ford Otosan represents a shared commitment to sustainability by a significant group of international and Romanian banks, of which Garanti BBVA is a part. This loan marks a strategic step towards the electrification of the auto industry in Romania and a key project for the local economy. Furthermore, the initiative supports energy transition, and we are proud to join as financial partners”, said Bilge Demirer, Deputy General Manager of Garanti BBVA Romania.

Garanti BBVA’s growth strategy in Romania is based on integrating ESG principles into business decisions. Among the projects financed by Garanti BBVA are green buildings such as Upsite and Ivy, the production of electric engines by Softronic in Craiova, as well as a series of educational and healthcare projects. Currently, 10 percent of Garanti BBVA’s companies loan portfolio is dedicated to sustainable financing.

Garanti BBVA Romania operates in line with the principles of the Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA), of which it is a part, a global pioneer in sustainability. BBVA conducted sustainable business activities worth over 20 billion euros in the first quarter of 2024, up 41 percent compared to the same period last year.