The European Investment Bank Group (EIB Group), which includes the European Investment Bank (EIB) and the European Investment Fund (EIF), is strengthening its cooperation with Deutsche Leasing Romania IFN SA (DLRO), part of the Deutsche Leasing Group, by signing a synthetic securitisation transaction along with new lending commitments that will boost liquidity for Romanian businesses. The agreement aims to provide capital relief for DLRO, freeing up lending capacity, which will then be used to support Romanian small businesses and mid-caps while contributing to the transition to climate neutrality. Specifically, the EIF is providing (i) protection on a mezzanine tranche of €54 million (which is in turn counter-guaranteed by the EIB), and (ii) protection on a senior tranche of €276 million (50% of which is in turn counter-guaranteed by the EIB). The structure, which features synthetic excess spread in the form of use-it-or-lose-it, a three-year replenishment period as well as pro-rata amortisation of the senior tranche and the mezzanine tranche (subject to performance triggers), references a portfolio of leases and loans with a total outstanding balance of €355 million. Under this arrangement, DLRO is committing to provide new lending of €439 million to small businesses and mid-caps over a three-year period. Nearly 30% of the financing will be committed to projects contributing to climate action and environmental sustainability, highlighting the commitment of DLRO and the EIB Group to support the transition to a low-carbon economy. The new lending, which will be in the form of leases and loans, is expected to benefit farmers in particular, with a substantial share of DLRO’s customers being farmers in cohesion regions. DLRO will focus on assets such as harvester replacement, tractor replacement, irrigation systems modernisation, no-tillage equipment, as well as energy efficiency in agriculture and other industries. EIB Vice-President Kyriacos Kakouris said: “Together with Deutsche Leasing we support farmers in cohesion regions in Romania, promote the decarbonisation of the farming sector and help the green transition to become a reality. Deutsche Leasing is one of the EIB’s trusted partners to provide the necessary financial means to businesses in challenging times.” EIF Chief Executive Marjut Falkstedt said: “We are very glad to be renewing our cooperation with Deutsche Leasing Romania to ensure easier and wider access to finance for climate action-related projects. This transaction will create financing opportunities in the form of fresh lending for Romanian businesses and farmers, and will also make a meaningful contribution to the green transition.” Laurentiu Zaharia, General Manager of DLRO added: “This operation is a significant milestone for Deutsche Leasing Romania and our clients, allowing us to expand our financing options and offer more flexibility. The partnership with EIB Group reinforces our commitment to providing innovative tailored financial solutions to support growth and the success of our clients.” This is the second synthetic securitisation transaction between the EIB Group and DLRO, following up on an initial operation in 2020. This is the second synthetic securitisation transaction between the EIB Group and DLRO, following up on an initial operation in 2020.
In the context in which agri-food systems are responsible for almost one third of global greenhouse gas emissions, Auchan Romania assumes an active role in the transition of its supply chain toward a more sustainable model. At the second edition of the Climate Supplier Event, organized under the aegis of the Climate Change Summit, the […]
Janiva Magness, the winner of seven Blues Music Awards following 26 nominations, and nominated for a Grammy for a career spanning 17 albums, is set to perform at the 14th edition of the Brașov Jazz & Blues Festival, which will take place between August 14–16, 2026. Magness is one of the most valuable and influential […]
Auction house Artmark announced a major auction for this winter featuring an engraving created by Francisco Goya, the most important Spanish artist of the late 18th and early 19th centuries. Romania's late communist leader Nicolae Ceaușescu received this gift from King Juan Carlos I as a gesture of diplomacy. The engraving entitled “The Engagement – Capricho […]
Authorities managing Romania's Bicaz Gorges–Hășmaș National Park has built a fish ladder system on the Bicaz River, which will allow protected species to migrate and reproduce. There are several bridges and small bridge structures in the Bicaz River that have a “bottom sill,” meaning small waterfalls. Fish that do not jump like the trout cannot […]
The far-right opposition parties in the Romanian Parliament are set to file a motion of no confidence against the government headed by prime minister Ilie Bolojan. The motion, authored by senator Ninel Peia of the Peace – Romania First group, is specifically aimed at the reformist party Save Romania Union (USR), and is entitled “Romania […]
Romania's iconic rock singer Adrian Pleșca, known as “Artan,” died on Tuesday, December 2, after a fatal stroke, at the age of 64. The artist founded the well-known band “Timpuri Noi” in 1982 and “Partizan” in 2001, and was popular on the Romanian rock scene. Over the years, he left and returned to the two bands. Several […]
