Bucharest, 27 February 2025 – 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.
***
Despre Garanti BBVA
Garanti BBVA face parte din Grupul Garanti BBVA România, alături de Garanti BBVA Leasing, Garanti BBVA Credite de Consum și Garanti BBVA Fleet Management, care completează oferta băncii cu produse specifice de leasing, servicii de management al flotei, precum și credite de consum. În 2023, banca a celebrat 25 de ani de prezență activă în cadrul sistemului bancar românesc.
Garanti BBVA România este deținută de Garanti BBVA, a doua cea mai mare bancă privată din Turcia în funcție de mărimea activelor consolidate. Grupul financiar spaniol Banco Bilbao Vizcaya Argentaria (BBVA) este acționarul majoritar al Garanti BBVA.
Pentru mai multe informații și pentru a rămâne la curent, vă rugăm să vizitați http://www.garantibbva.ro și să urmăriți paginile noastre:
***
Despre MG Tec Industry
MG Tec Industry, established in 2018 in Dej, is a prominent player in the Romania’s rapidly expanding hygienic tissue market. Founded by visionary entrepreneurs, including founder Vasile Hasmasan and CEO Dorin Mocan, the company embarked on a greenfield project to construct facilities dedicated to producing absorbent products and sanitary goods.
As of 2023, MG Tec Industry employs approximately 296 people. Through strategic investments, innovative partnerships, and a commitment to sustainability, MG Tec Industry continues to solidify its role as a key contributor to Romania’s hygienic tissue industry.
For more information, please visit https://www.mgtecindustry.ro/
***
Despre Exim Bank
Exim Banca Românească is a 100% Romanian universal bank, ranked in top 10 largest credit institutions by assets. The bank offers its corporate clients a wide range of quality products and services, covering the entire financing cycle as well as transactional – financing, guarantees, insurance, treasury products, cash management, factoring and trade finance. Exim Banca Românească operates a national distribution network of 82 branches and 26 Corporate Units, the latter being dedicated exclusively to companies, a network that allows it to be close to retail and corporate customers and to implement various Romanian and European development programs.
In addition, because it acts as an agent of the state on the guarantee and insurance market, Exim Banca Românească is one of the instruments through which the public funds, made available by the Romanian state, support the sustainable development of the economy.
For more information, please visit www.eximbank.ro
