May 10 (SeeNews) - Bulgarian financial leasing company Elana Agrocredit [BUL:EAC] said on Wednesday that the value of deals it signed for financing agricultural land purchases came to 369,378 levs ($206,880/188,860 euro) in April, compared to 905,100 levs in the same month of 2022.
Elana Agrocredit financed the purchase of almost 14 hectares (ha) of land last month, down from 47.2 ha a year earlier, the company said in a monthly report.
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Month-on-month, the value and land volume of deals dropped sharply from the 1.7 million levs and 59 ha recorded in March, the data show.
The financial leasing business agreed 10 deals for financing purchases of farmland in April, or five fewer than in the same month of 2022.
Last week, the company proposed to shareholders to approve a total gross dividend of 2.68 million levs for 2022, or 9% more than last year's payout.
Shares in Elana Agrocredit traded 0.97% higher at 1.04 levs on the Bulgarian Stock Exchange as at 1131 CEST.
(1 euro = 1.95583 levs)