Garanti BBVA loans 4.5 million Euro to Softronic for the construction of two electric locomotives

Garanti BBVA Romania granted a financing of 4.5 million Euro to Softronic, one of the largest local locomotives producers, for building two new electric locomotives.

The recently granted financing for building clean transportation railway solutions is the third in the history of Garanti BBVA – Softronic banking relationship, following two other loans granted in 2014 and 2018. The previous loans were also aimed at facilitating green investments.

The locomotives produced by Softronic SRL are designed to tow freight trains with many heavy wagons, that can operate on railways with high slopes, wet or covered with leaves, ice and heavy snow.

“Garanti BBVA Romania continues to support as a financier the local business environment and local entrepreneurs’ investment projects. We are very proud to join forces with Softronic once again and we will continue to be a long-term reliable partner for local businesses. Every green project we add to our portfolio is a success for us and is our goal to support as many environmentally friendly investment initiatives as possible,” stated Çağri Memişoğlu, Deputy General Manager at Garanti BBVA Romania.