EximBank and Agricover Credit, the first non banking financial institution specialized exclusively in financing the agriculture have agreed on concluding a new loan amounting at 100 Million Lei (more than 22 Million Euro) in order to ensure the necessary resources for developing new products and financial services for Romanian farmers.
”Our collaboration with Agricover Credit proves the EximBank’s capacity of playing a significant part in supporting the projects aiming at rising the competitively level in agriculture. Agriculture remains a strategic field that offers important opportunities for developing solid businesses and our partnership with Agricover Credit allowed us to get involved in supporting them by the indirect financing of more than 400 local farmers. We do believe that the expansion of our cooperation that efficiently combines the technic competencies of EximBank with Agricover expertise will be contributing consistently to the consolidation of Romanian agri-business”, said Traian Halalai, President of EximBank.
EximBank and Agricover Credit have closed the first financing agreement in 2013, the bank granting a loan to the company amounting at 70 Million Lei (more than 15.5 Million Euro).
”Agricover Credit has developed strongly during the last years and the increase registered in 2014 confirms the solidity of our business model that satisfies the market’s financing needs. We intend to keep the fast development trend this year to increase our clients’ portfolio and the partnership with EximBank helps us to reach these objectives and to offer to the farmers adjusted financial products able to efficiently support their development. We are really interested in playing an active part in financing European projects as well in the near future”, declared Robert Rekkers, General Manager of Agricover Credit.
