New financing facilities from Garanti BBVA Romania for Romanian farmers

  • April 1, 2022
  • Future Banking
  • 1 min read

Garanti BBVA has signed an agreement with the Agency for Payments and Intervention for Agriculture (APIA), aiming to support Romanian farmers. Through this partnership, customers have access to a credit facility of up to 90% of the amount due, including redistributive payment, greening payment, and compensatory measures.

To achieve the proposed objectives and to generate a positive impact on the economy, farmers need to find solutions quickly for ensuring a constant financial flow, which is vital when the income depends on the seasonal specifics of the agricultural sector.

For sustaining the customers’ current expenses, Garanti BBVA also launches a new credit product for pre-financing up to 160% of the subsidies to be paid by APIA to the beneficiaries of direct payment schemes.