Motoractive IFN S.A. (“Garanti Leasing”, or the “Company”) is the ninth largest leasing company in Romania with an estimated market share of 4.6 percent as of December 2016.

It was established as Motoractive IFN S.A. in 1998 and in 2006 was acquired by GE Money. Turkiye Garanti Bankasi became the largest indirect shareholder of the Company in 2010, and rebranded it to Garanti Leasing Romania in 2011. Garanti Leasing employs 72 fulltime staff in Romania and has six offices in the country.

The proposed project is a senior loan of up to EUR 20 million to Garanti Leasing, at least half of which for on-lending to women-controlled small and medium enterprises (“SMEs”). The proposed investment is consistent with IFC’s strategy in Romania and would help a good existing IFC client to expand its SME reach with focus on women owned businesses following another EUR 5.5 million loan earlier this year and would further strengthen the relationship with Garanti group.