CEC Bank granted a loan of 3.3 million euros to a farm in the Rodbun group

CEC Bank granted the farm Tu Agrar, part of the Rodbun group, an investment loan of 3.3 million euros, with the purpose of acquiring the shares of Frontier Invest Group, a company that owns approximately 560 hectares of irrigable agricultural land.

“Rodbun is one of the most ambitious entrepreneurial projects in Romanian agriculture – with activities of developing new varieties and innovation, a distribution network for agricultural inputs, services and consultancy. CEC Bank is already a traditional partner of the Rodbun group, being part of the banking consortia that have granted financing to the Rodbun group since 2018. With this new financing, which is an investment, we demonstrate once again that our Bank continues to support the performance in Romanian agriculture”, stated Laura Mihai, Director, Large Clients Department, CEC Bank.

Rodbun has a team of over 400 people involved in research and development of genetic material, agricultural activity specialized in seed production, testing and promotion of the most modern and efficient technological solutions for plant protection and soil nutrition, logistics and distribution for the full range of inputs needed by the Romanian farmer.

Rodbun provides specialized assistance in the field to small farmers, through a professional consulting team, integrated into an operational entity with a strong development, composed of agricultural land and farms, a logistics center of over 40,000 sqm, silos and warehouses for grain storage and 4 seed factories with an aggregate capacity of 30,000 tons/year.

,,We are happy to be able to add a new brick to the partnership we have with CEC Bank, one of the biggest supporters of Romanian agriculture. With a very high impact in all Rodbun investment and development projects, but also in the yards of the farmers we work with year after year, CEC Bank has convinced us that it is a privilege to work with such a committed bank team and with a professionalism that allows us to put our ambitious strategies into practice. We are proud that together we are changing Romanian agriculture for the better”, declared Daniel Muntean, CEO Rodbun.