Ђ5m loan to support expansion of BACA Leasing for SMEs
The EBRD is extending a €5m loan to Bank Austria Creditanstalt Leasing d.o.o. (BACA Leasing), a leasing company operating in Slovenia and owned by Bank Austria Creditanstalt AG. The financing, which comes under the leasing window of the EU/EBRD SME Finance Facility, will be used exclusively for leases to micro- and small-enterprises not exceeding €125,000. The loan will be complemented with €700,000 from the European Commission for staff training and institution building. The Slovenian leasing market is particularly competitive with the ten largest companies accounting for almost 90 per cent of the total new leasing volume in previous years. BACA Leasing has been gaining a strong market presence in equipment leasing and covers leasing in a wide area from manufacturing and services to trading. The company also sees strong potential in the real-estate market.
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