September 20, 2018

Lenders show interest in Romania agricultural market

Lenders on the Romanian market showed interest in financing agricultural businesses. Banks and non-banking financial institutions (IFN) have launched an array of products and services for entrepreneurs who have decided to pitch their flag in this field of activity. BRD-Groupe Societe Generale, BCR, CEC Bank, OTP Bank, Banca Transilvania, Patria Credit and Agricover Credit IFN are among them. All specialists agree that agriculture has a huge development potential. “Agriculture has a significant weight in our commercial strategy. We intended and have managed to be among the first local banks to offer loans to farmers under the SAPS program in 2013 as well. We know that in agriculture it is vital to have the money exactly when you need it and that’s why we meet the needs of our partners from this field by granting them this credit promptly,” said Stefano Burani, chief business officer at Intesa Sanpaolo Bank Romania, at the beginning of August.
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