International Investment Bank has doubled its existing revolving loan facility to Heliosagri International SA (Romania) (Trans-Oil Group) to extend its business activity in Romania. In 2019, the Bank provided an initial loan of EUR 10 million to the company for its acquisition of a vegetable oil production plant located in Ţăndărei, Romania. The current financing increase to EUR 20 million will be allocated to further expand operations of the plant. 

Trans-Oil Group is a major holding engaged in trading of agricultural commodities, oilseed crushing, transhipment and storage. Since 2020, it has achieved record high revenues and expanded its market exposure, showing significant growth. The company has also been actively developing trade operations with IIB member states, such as Bulgaria, Hungary, and Russia.

Since the acquisition of the plant, Trans-Oil Group has become a more influential player in trading and agricultural sector of Romania, also increasing its operations in the Constanta port, stimulating exports of agricultural goods from Romanian farmers.

The IIB loan facility increase will help expand the activity of the Tandarei plant, thus providing additional support to a strategically important agricultural sector, giving further impetus to trading operations, with a positive impact on the local community through creation of new jobs.

Romania continuously holds one of the leading positions in the Bank’s loan and documentary portfolio with aggregate investments since 2012 exceeding EUR 265 million. Сredit support is provided to key sectors of the Romanian economy such as infrastructure, manufacturing, agriculture, retail, and logistics. The country is also one of the core beneficiaries of a new product range aimed at stimulating capital investments of large multinational companies in IIB member states. International Investment Bank has been actively engaging in financing complex projects of European giants like Schaeffler, Auchan, Gestamp and Medicover to expand their business in Romania.