Agricover Credit IFN, a company specialized in agricultural financing, granted EUR 213 million loans last year, up by 14% compared to 2014.

The firm increased the number clients by 10% in 2015, reaching 1,700.

The company recorded a net profit of over EUR 3.8 million, up by 5% compared to 2014, said Robert Rekkers, Agricover Credit IFN general director.

The agriculture companies recorded a bad year in 2015 due to the 30% drop in the grain and oilseed outputs.

Agricover Credit IFN plans to open four new branches this year.

editor@romania-insider.com