This project provides financing to Motoractive IFN, rebranded to Garanti Leasing, for on-lending to small and medium-sized enterprises, at least half of which will be women-controlled.
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.
Garanti Leasing is 100% owned by Turkyie Garanti Bankasi A.S., the second largest bank in Turkey, through two holding companies based in the Kingdom of the Netherlands: G Netherlands B.V., with (99.99997%) shareholding and Garanti Holding B.V. (0.00003%). In turn, Turkyie Garanti Bankasi A.S. is controlled by two entities: Banco Vizcaya Argentina (BBVA), the second largest bank in Kingdom of Spain with global operations, which has a share of 49.85% and Dogus Holding, a Turkish holding group, with a 0.05% share.
Customer Service and Billing Department Manager
+40 (21) 387 87 00
5 Fabrica de Glucoza Street - Novo Parc 3, Building F - 020331 Bucharest
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/