ALPHA BANK ROMANIA CONTINUES ITS PARTNERSHIP WITH APIA FOR FINANCING AGRICULTURE THIS YEAR TOO

Alpha Bank Romania continues its partnership with the Agency for Payments and Intervention for Agriculture (APIA) in 2020 and announces the signing of agreements for financing agricultural subsidies.

Under this year’s programme, the bank will provide advance financing to both farmers who are beneficiaries of area-based subsidies (SAPS 2020) and beneficiaries of Measure 14 – Animal Welfare.

“We are continuing this year’s programme to support the agricultural sector and we are pleased to announce the signing of the partnership with APIA for 2020. We consider agriculture to be a strategic sector for Romania, which we must all support in order to reach its true potential. The health crisis we are going through may bring opportunities for this sector that we are ready to support in the long term”, said Dragoș Drăghici, Director of SME Division, Alpha Bank Romania.

Alpha Bank offers through this programme working capital up to 85% of the amount of subsidies that farmers are to receive from APIA under SAPS and up to 90% under Measure 14.

The financing facility is available to both existing and new clients, with the bank offering a flexible and fast review and approval process. The application for financing can also be completed online on the bank’s website, so that small farmers can get the money they need to start farming as quickly as possible.

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