ProCredit Bank - Supporting farmers in Romania for 12 years
As the agricultural season begins, ProCredit Bank would like to support farmers in Romania by financing their investment projects to purchase agricultural land, build or expand farms, acquire equipment or purchase livestock.
Investment loans from ProCredit Bankfinance the entire cost of an investment project, as the bank does not require any advance payment from the client. Moreover, under the European Investment Fund’s Competitiveness and Innovation Programme, the bank provides preferential financing, namely guarantees at no cost for amounts of up to EUR 100,000, and a lower interest rate compared to our standard rate.
Loans can be granted with a maturity of up to 15 years, thus giving agricultural producers more flexibility when managing their finances. To this end, the reimbursement plan is specifically tailored to the client’s activity, with grace periods of up to 12 months and/or unequal instalments, depending on the seasonal character of the business.
ProCredit Bank offersprofessional advice and complete project financing to clients with investment projects co-financed by European Funds. In addition, we offer these clients lower interest rates and European guarantees at no cost.
“For the past 12 years, ProCredit Bank has been supporting farmers in Romania by offering them flexible and attractive financing products that provide the necessary sustenance for their businesses development. So far, we have granted over 50,000 agricultural loans with a total value that exceeds EUR 280 million. Our aim for 2014 is to continue to be one of the main institutions that invests in Romanian agriculture and to win the trust of agricultural producers. We have agreements with APIA, FGCR, and FNGCIMM, thus enabling us to provide our clients with a complete range of financial products under the best conditions for a long-term partnership.” Andreea Enache, Director of the Business Development Division
At the end of 2013, ProCredit Bank had an outstanding portfolio of agricultural loans in the amount of EUR 82.8 million – a 20% increase compared to 2012. Agricultural loans represent about 30% of the bank’s total loan portfolio, which illustrates ProCredit Bank’s commitment to supporting agriculture in Romania.