The cooperation between BSTDB and Agricover began in 2013 and has since contributed to the financial strengthening of farmers and SMEs across Romania.
“Small and medium-sized farmers are at the heart of Romanian agriculture, while they face rising costs, limited collateral, climate volatility, and difficult access to traditional bank lending. As Romania’s leading specialized agricultural financier, our mission is to design products that truly fit the way farmers operate – financing aligned with crop cycles, flexible working-capital structures, and long-term solutions that support modernization. Through this new agreement with BSTDB, we can extend accessible, dedicated financing exactly where it is most needed”, said Serhan Hacisuleyman, CEO of Agricover Credit IFN.
Agricover is a Romanian agribusiness group, with consolidated revenues of around EUR360 million at the end of 2024 and EUR217 million in the first half of 2025.
„This new agreement reflects our confidence in Agricover’s impactful work and in the resilience of Romanian farmers. By expanding access to finance, we are not only reinforcing a relationship built over more than a decade, but also enabling farmers to invest, grow, and continue driving one of Romania’s most vital economic sectors,” stated Dr. Serhat Köksal, President of the Black Sea Trade and Development Bank.
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. The authorized capital of the Bank is EUR3.45 billion.
(English version by Catalina Apostoiu)