Garanti BBVA has granted a EUR 7.5 million loan to MG Tec Industry SRL, the leading Romanian producer of paper tissues. The financing benefits from a state guarantee issued by Exim Banca Românească, covering up to 75% of the loan value.
Garanti BBVA and MG TEC Industry share a commitment to sustainability, with MG Tec integrating a robust recycling component into its production cycle. In recent years, Garanti BBVA has actively supported environmentally responsible projects.
“At Garanti BBVA we remain engaged in supporting the development of the local economy. We encourage and fund local producers to upgrade their production facilities, in order to win a competitive edge in their sustainable development and expansion in the international markets. We continue in this sense to provide adequate instruments in partnership with Exim Banca Românească”, stated Bilge Demirer, Deputy General Manager, Enterprise Banking Area, Garanti BBVA.
”The guarantee structure is an essential component when accessing any type of financing, and the guarantees it provides, on behalf and in the name of the Romanian state, represent a secure and efficient resource that companies can easily access through commercial banks. In this context, the decision of Garanti BBVA to leverage the facilities provided by Exim Banca Românească is all the more important, as it supports the sustainable development of a significant local business. We also encourage other commercial banks to follow this model, for the clear benefit of Romanian companies”, stated Traian Halalai, Executive President, Exim Banca Românească.
PCF Investment Banking acted as exclusive advisor to MG Tec Industry in structuring, negotiation şi implementation of the financing transaction.
“We are glad to be part of a transaction which makes available a working capital line designed to sustain the increasing volumes produced by Mg Tec Industry, and we fully appreciate the excellent teamwork between Garanti BBVA and Exim Banca Romaneasca in supporting the development of local manufacturing industry”, said Mihai Iordan, Managing Partner, PCF Investment Banking.
Since 2019, MG Tec Industry has invested over EUR 120 million in the development of a state-of-the-art production facility in Romania, covering a 65,000 sqm area. Developed in three phases, the facility is set to manufacture a wide range of products for both local and international markets, including jumbo rolls of paper, industrial rolls, medical rolls, dispenser napkins, and personal hygiene products. The company integrates cutting-edge technology into its production processes, with a particular focus on robust recycling practices, reinforcing its commitment to sustainability.
Garanti BBVA Romania is committed to leveraging its resources and expertise to support its customers on their path to sustainability, by providing tailored financial solutions and personalized products. The bank's growth strategy is firmly rooted in integrating ESG principles into its business decisions, ensuring long-term value creation and responsible development.
The information provided by KomuniK
The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate […]
Kantar Romania launched, during an event dedicated to their clients, "The Trust Factor – Building Brands That Endure Uncertainty", the top 20 brands that manage to inspire the greatest confidence among the Romanian consumers, based on the analysis of 162 brands from 12 sectors*. In a period marked by uncertainty and skepticism, trust becomes the […]
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]
Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]
