Agricover will use the money to support its lending arm Agricover Credit IFN and expand its business.
BSTDB vice-president Mustafa Boran said the bank granted loans worth EUR295 million last year to support projects in several countries in the Black Sea region, of which EUR30 million for projects in Romania.
BSTDB targets to increase financing by 11% this year. The bank is interested in financing Romanian agriculture, infrastructure and energy projects, Boran said.
The Black Sea Trade and Development Bank is an international financial institution headquartered in Thessaloniki.
Agricover Credit IFN granted loans to over 800 firms active in the agriculture sector.
Agricover is owned by businessman Jabar Kanani. The group was set up in 2000 and registered turnover of 970 million lei (EUR216 million) in 2012. (EUR1=RON4.483)