In January-June, its operating profit rose 28% to RON14.07 million.
At the end of June, the company’s credit exposure totaled RON679 million, up 17% from RON580 million in the same period a year before.
The number of active clients rose 26% to 1,653 while non-performing loans with payment delays of more than 90% account for 1.2% of the company’s portfolio.
Agricover’s own funds totaled RON118.15 million at the end of June, up from RON100.1 million a year before, while the capital adequacy ratio stood at 22%.
In the upcoming period, the company will open the third branch from a series of units scheduled to be opened in the next years.
Founded in 2008, Agricover Credit is the only financial institution in Romania that caters exclusively to farmers.