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BSTDB provided 15 million Euro loan to Agricover Credit IFN

The Black Sea Trade and Development Bank (BSTDB) provided 15 million Euro to Agricover Credit IFN, a Romanian financial institution specializing in financing the agricultural sector.

2017-12-20 16:25:18

This is the Bank's first local currency loan to a Romanian company. The BSTDB financing will offer Romanian farmers improved access to the funding they need to improve productivity, generate added value, and create jobs.

"We are delighted to support the agribusiness sector, a major income generator in Romania", said Ihsan Ugur Delikanli after the signing of the agreement. "Access to finance remains a key challenge for small and medium-sized Romanian farms, and our cooperation with Agricover will enable us to help many".

"This new agreement with The Black Sea Trade and Development Bank will allow Agricover Credit to keep its fast pace in developing new innovative loan products to further support the growth of Romanian farmers." said Robert Rekkers, General Manager Agricover Credit IFN

The new loan builds up on the successful cooperation between BSTDB and Agricover Group started in 2013.

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