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Agricover Credit IFN reached 22 million RON net profit last year, 28 per cent up compared to 2015

Agricover Credit IFN, the non-banking financial institution specializing in financial services in agriculture, announced the net profit registered last year is worth 22 million RON (4.8 million Euro), 28 per cent up compared to 2015.

2017-03-14 14:05:12

The total amount of credits lended in 2016 totalled 988 million RON (219.5 million Euro), a 4 per cent boost compared to 2015. Number of active clients reached 1,900, 12 per cent up compared to previous year.

"After a difficult year in 2015, we had a very good year in 2016 in terms of business productivity and profitability in agriculture," said Robert Rekkers, general manager, Agricover Credit IFN. "Therefore, we believe that 2017 should be a year of investments for increasing performance. We are still ready to support farmers with specialized solutions for financing any form of investment to increase productivity."

For 2017, Agricover Credit aims to increase customer base and to expand its portfolio in the investment segment. The company also aims to open two new branches to respond to customer requirements.



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