The group registered turnover of EUR218 million last year.
Founded in 2008, Agricover Credit IFN is aimed exclusively at agriculture financing. Its farm loan portfolio amounted to RON413 million lei (EUR92 million) in 2012, up 38% on the year. Agricover Credit is run by Robert Rekkers.
Black Sea Trade and Development Bank is present in Southeastern Europe.
A month ago, Agricover also borrowed EUR15.5 million from state-run lender EximBank and the funds will be used for farm loans.