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Agricover Credit IFN signs with International Investment Bank for loan of 10 million Euro

The financial division Agricover Credit IFN announced it had signed a loan agreement with International Investment Bank (IIB) to secure 10 million euro to be used for granting credits to romanian farmers.

2015-04-01 16:20:40

The loan has a maturity of seven years, the company announced. According to Robert Rekkers, general manager of Agricover Credit IFN, the partnership with a strong company underlines the business strategy of the company and the strenght of its vision.

The International Investment Bank (IIB) is a multilateral institution for development that promotes social and economic development, prosperity, and economic cooperation between its member states.
Main directions for its activities are the support of the small and medium-sized businesses and participation in financing socially significant infrastructure projects.

The Bank provides loans primarily through leading domestic publicly owned financial institutions, development banks, export and import banks and agencies, or lends in partnership with other international institutions for development.

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