AGRICULTURE BUSINESS BUSINESS COMPANIES ECONOMY FINANCE&BANKING

OTP Bank Romania financed with 24 million lei one of the largest agribusiness groups of companies

OTP Bank România financed the Serban agribusiness group, with 24 million lei for the development of the current activity.

The Serban group of companies with Romanian capital, owned by an entrepreneur, Nicolae Şerban, begun its activity in Onești, in 1994. The group has an integrated structure and the activity areas are: agriculture, commerce, trade in cereals, oilseeds and vegetables, birds breeding, bakery, public nutrition (own chain of stores – Băcăniile Șerban. Serban grocery stores), distribution and transport.

„I entered the business world in 1995 with a bread factory. Back then we were called businessmen, we were not recognized as entrepreneurs. A beautiful story that I remember in detail, because it was the beginning of my maturity in the business world. At that time it was difficult from a financial point of view, obtaining financing was a real challenge. Several investments followed and I focused all these years exclusively on the agricultural field. Now it’s much easier, our entrepreneurial ideas are supported by the bank, it has become our most important partner.” said Nicolae Şerban, Owner of Serban Group Companies.

„Ideas that stimulate a community’s economy must be supported and encouraged. The entrepreneurship spirit of agribusiness is a genuine one, reflecting will and courage. Serban Group is a complex business story, an inspiration source for us all. ” said Alexandru Neagu, IMM Director OTP Bank România.

 

About Serban Group

 

Serban Group is one of the largest groups of companies, active in the agriculture and poultry sector, both in the Moldovan Region and in Romania, with consolidated sales of 65.9 million euros and EBITDA of 8.42 million euros in 2018. Through the company INTERAGROALIMENT SRL, ranks 11th in a top made on for legal entities in Romania, based on the area for which single payment requests were submitted in 2019. The group of companies is owned and controlled by the Serban family, with over 25 years’ experience in the agrobusiness sector.

 

About OTP Bank România

 

OTP Bank România, subsidiary of OTP Group, is an integrated and self-funded provider of financial services. With an approach based on responsibility, commitment and professionalism, OTP Bank Romania understands its clients’ needs and the current market context, being a reliable partner in the area of financial services. The bank ranks 9th by assets in the top of Romanian banking players, as of September 2018.

OTP Group celebrates on 70 years of existence, while the Romania subsidiary marks 15 years of presence on the local market. By today, OTP Group has grown into a dominant player in the Central-Eastern Europe market and is regarded as a major banking group even on European scale. The community of around 36 thousand OTP staff serves over 18.5 million customers in 9 countries daily.

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