BSTDB has continued to strengthen its partnership with Agricover Group by providing a new EUR 20 million loan to Agricover Credit IFN to finance grain farmers across Romania.

Agricover Credit IFN is the only Romanian financial institution specialized in financing the agricultural sector, serving mainly large-scale crop producers, dairy and animal husbandry farmers. It provides working capital (82%) and capital expenditure financing solutions (18%). The main group of clients of Agricover are the large crops farmers, exploiting over 400 ha in total surface. Agricover Group applies an integrated financing scheme to support farmers: whilst the other Group companies provide the farmers with seeds, agricultural chemicals, fuel and advanced technology, financing is provided by Agricover Credit IFN. This integrated support system ensures that farmers can enhance productivity and competitiveness.

The loan aligns with Bank’s commitment to strengthen Romania’s SMEs and agribusiness sector. It fosters higher exports and increased tax revenues, supports the activities of a successful Group in Romania, and contributes to the development of the agriculture sector of the country.