The loans lenders granted to the agricultural sector, however, are low compared other sectors’ loan volume, that is only 12.7 billion lei (EUR2.8 billion).
“The economic growth slowdown or the start of a ‘consolidation’ phase is marked by this decline in loan volumes per activity sectors. As for agriculture, what’s changed is the lending structure, which went from being tied to the seasonal nature of this business to a more uniform one throughout the entire year, with a more important investment component,” explained economic analyst Dragos Cabat, managing partner of RisCo.
Lending to agriculture sector accounts for almost 4% of all loans and lenders’ commitments.
(English version by Loredana Fratila-Cristescu)