Agricover Credit IFN posts 31 percent increase in net profit in the first semester of 2019

Agricover Credit IFN, the financial institution dedicated to financing Romanian agriculture, ended the first semester of 2019 with an operating result of 26.8 million lei and a net profit of 23.3 million lei, up 31 percent from the same period of the year 2018.

In the first semester of this year, Agricover Credit IFN provided financing amounting to 576.4 million lei to a number of 3,465 farmers, the exposure from loans exceeding 1.64 billion lei, increasing by 22 percent compared to the same period of the last year.