Bucharest, September 16, 2021 – Garanti BBVA Consumer Finance, part of Garanti BBVA Group Romania, one of the most dynamic financial groups on the local market, launches today its first green loan for individuals planning sustainable acquisitions. To encourage sustainable life choices, Garanti BBVA Consumer Finance is pledged to support every customer by covering the last two installments.

Thus, Romanians can apply for an unsecured consumer loan with a value of up to RON 400,000, for a maximum of 60 months, to purchase an electric car or bicycle, sustainable home renovation products, solar panels for their houses, environmentally friendly home applicances or to pay the advance for a green house, for example. These are sustainable choices that can produce greater returns on the long run.

“We strongly believe that sustainability will change the way we do business and make choices in the next 10 years, both us, Garanti BBVA Consumer Finance, as well as the entire Garanti BBVA Group. We are fully aware that the major contribution to reverse the impacts of the climate change comes from the industry, however as consumers, we have the power to contribute to this, by shifting our demands to cleaner options in consumer products. By launching our first green loan, we want to contribute to the Sustainable Development Goals (SGDs) for Romanian population, and I would like to underline, we are not limiting ourselves to any of the retail products, whether this means buying an electric car, solar panels, or batteries for a green house or low-energy appliances for their homes. Sustainability is the key to building a strong and successful business for the future, while minimizing negative environmenta impactsl”, stated Tolga Banyocu, General Manager at Garanti BBVA Consumer Finance.

The green consumer loan launched by Garanti BBVA Consumer Finance has an interest rate starting from 10.5%, with zero analysis and management fee. Moreover, GarantiBBVA Consumer Finance commits to pay the last 2 installments of the loan, once the destination is proven. The loan has an optional insurance attached and a grace period during the first month.

About Garanti BBVA Consumer Finance

Garanti BBVA Consumer Finance is part of the financial-group Garanti BBVA Romania, which brings together also Garanti BBVA and Garanti BBVA Leasing. Garanti BBVA Group Romania is held by Garanti BBVA Turkey (TGB), whose majority shareholder is the Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA).

Incorporated in Romania as of 1997, Garanti BBVA Consumer Finance (the brand under which the company Ralfi IFN S.A. operates) is a non-bank financial institution that provides consumer finance, having developed a solid client portfolio and a national presence.

Being one of the first companies on the consumer credit market, it completes the Group’s range of products and services with: – Personal loans – Insurance attached to consumer loans: an income protection plan and / or extended warranty for the purchased product.

For more information, please visit: www.garantibbvacreditedeconsum.ro

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