Agricover Credit IFN announces the appointment of Nicu Marcu to the Board of Directors

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Bucharest, March 13, 2025 – Agricover Credit IFN, a non-banking financial institution specializing in financing Romanian farmers, announces the appointment of Mr. Nicu Marcu to its Board of Directors. With extensive experience in the financial sector, Nicu Marcu will contribute to strengthening the company’s development strategy and enhancing corporate governance.

Mr. Marcu has held multiple leadership positions in key institutions, including Vice President of the Court of Accounts and President of the Financial Supervisory Authority. Currently, Mr. Marcu is a university professor and Vice-Rector of the Bucharest University of Economic Studies. This appointment reflects Agricover Credit IFN’s commitment to attracting experienced professionals in finance and corporate governance to its leadership team, aiming to accelerate its development strategy in the financial services market dedicated to the agricultural sector.

Access to financial resources remains one of the main challenges for farmers, often serving as a significant barrier to the development and modernization of agricultural enterprises. Agricover Credit IFN is dedicated to identifying and implementing innovative solutions to help overcome these challenges by offering financial products tailored to farmers’ specific needs.

"Mr. Marcu’s expertise in financial regulation and supervision will bring valuable insights into our strategic direction. We aim to leverage his knowledge to accelerate the development of our products and services for farmers, enhance compliance, and strengthen our support for Romania’s agricultural sector," stated Jabbar Kanani, Chairman of the Board of Directors of Agricover Holding SA and majority shareholder.

"I am honored to join the Board of Directors of Agricover Credit IFN and to contribute my experience and expertise to the growth of a leading private institution in agricultural financing. Agricover Credit IFN plays a crucial role in supporting farmers through innovative financial solutions, and together with the management team, I look forward to promoting the sustainable growth of this vital sector for Romania’s economy," said Nicu Marcu.

About Agricover Credit IFN

Agricover Credit IFN is part of the Agricover Group, one of the most important players in Romania’s agricultural sector. The company provides financing solutions tailored to farmers’ needs, helping them increase efficiency, productivity, and business sustainability. Through innovation and commitment to the development of Romanian agriculture, Agricover Credit IFN contributes to the economic progress of agricultural communities across the country.

Agricover Credit IFN collaborates with 5,000 farmers in Romania and offers working capital loans to finance production cycles (agricultural inputs and other necessary production expenses), investment loans for farm development, as well as discounting and factoring facilities. As of December 31, 2023, Agricover Credit IFN recorded a gross loan and advance balance of 2.91 billion RON, positioning itself as one of the leaders in Romania’s agricultural financing market.

For the first time, the company launched the FARMER Card, the first business credit card dedicated to small and medium-sized farmers in Romania, focusing on providing fast and accessible financing. In 2024, it also introduced the My Agricover platform, offering farmers streamlined and efficient online access to financing.