Credit Europe Bank has signed a convention with APIA for distributing the national and European subsidies for farmers

"By signing this convention, Credit Europe Bank wants to involve itself actively in sustaining the Romanian farmers, simplifying for the farmers the payments of the agricultural subsidies in safe conditions. The bank also intends to increase the number of farmers who can benefit from these new opportunities and support them by creating a favourable environment, which in time will attract supplementary ways of encouragement of the farmers. We consider that we have the know-how and also the financial and technical means for sustaining the development of the agri-business and will continue to support this sector, stated Mr. Mustafa Cavusoglu, SME Marketing Head, Credit Europe Bank. The convention regarding the agricultural subsidies distribution represents just one step that Credit Europe Bank is making for supporting the farmers. In the near future, the Bank intends to sign a three-party convention APIA - FGCR (The Rural Credit Guarantee Fund) - Credit Europe Bank for granting loans to the farmers who will benefit from the Surface Support Scheme. In August 2008 Credit Europe Bank launched the Agro Capital IMM product designed to cover the working capital needs in agriculture and will soon launch a product designed to financing investments, Agro Invest IMM. Information related to the agriculture products can be obtained from the Credit Europe Bank (ROMÂNIA) S.A. branches, from the Bank's web page: www.crediteurope.ro or by consulting the dedicated SME portal: www.crediteuropeimm.ro.