BANCI | Noutati BEI

European Investment Bank (EIB) is lending EUR 20 million to Agricover Credit IFN

Trimite stirea unui prieten
Nume *
E-mail *
E-mail prieten *
Mesaj
Cod validare * Turing Number
Tastati codul din imagine (doar cifre)
195.154.184.126

Autor: Bancherul.ro
2016-07-31 12:59

Agricover website picture

EIB supports projects promoted by SMEs in agriculture with EUR 20 million loan – the first EIB transaction under EFSI in Romania (press release):

The European Investment Bank (EIB) is lending EUR 20 million to Agricover Credit IFN in order to finance smaller projects implemented by SMEs in the agricultural sector. This is the first EIB transaction in Romania benefitting from the support of the EU budget guarantee under the European Fund for Strategic Investments (EFSI), the financing component of the Investment Plan for Europe (IPE).

EIB Vice-President Cristian Popa stated: “This is the first operation for Romania approved under the EFSI component of the Investment Plan for Europe. Given the available funding from the EIB Group, Agricover Credit IFN will be able to provide an increased volume of affordable medium term loans to SMEs operating in the agricultural sector. This loan will support improvements in productivity and contribute to economic development in rural areas. I expect that this first EFSI financing in Romania will be followed up by operations in other sectors, pointing to the build-up of a diversified pipeline of projects that will grow over time”.

EIB has joined forces with Agricover Credit IFN, it being at present the only financial institution in Romania focused exclusively on financing farmers and their projects based on a tailor-made due diligence process. The EIB loan will help to address the broader issue of lack of financing for Romanian agricultural SMEs and so to contribute to a better realisation of Romania’s agricultural potential.

“Our collaboration with European Investment Bank will allow us to develop new innovative loan products to support the rapid growth of Romanian agriculture. Our specialized know-how and fast decision making are two key factors that make Agricover Credit IFN a strategic partner for Romanian farmers” said Robert Rekkers, General Manager Agricover Credit IFN

EFSI is an initiative implemented jointly by the EIB Group - comprising the EIB and the European Investment Fund (EIF) - and the European Commission, and it is one of the three pillars of the IPE that aims to revive investment in strategic projects throughout the European Union.

Source: EIB statement

Taguri: European Investment Bank (EIB)  Agricover Credit IFN  Banca Europeana de Investitii (BEI)  Patria Credit IFN  

Comentarii



Adauga un comentariu
Nume *:

E-mail *:
(nu se afiseaza pe site)
Subiect:
*
Comentariu:

Turing Number

Tastati codul din imagine (doar cifre)  



Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: Noutati BEI



Romania implements SME Initiative: EUR 580 m for Romanian businesses

Romania implements SME Initiative: EUR 580m for Romanian businesses (press release): The EIB Group (European Investment Bank and European Investment Fund) has concluded an agreement with the Government of Romania and the European Commission for the implementation of the detalii

European Investment Bank (EIB) is lending EUR 20 million to Agricover Credit IFN

EIB supports projects promoted by SMEs in agriculture with EUR 20 million loan – the first EIB transaction under EFSI in Romania (press release): The European Investment Bank (EIB) is lending EUR 20 million to Agricover Credit IFN in order to finance smaller detalii



 

Ultimele Comentarii