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Value of deals financed by Bulgaria's Elana Agrocredit falls 23.9% in Jan

Author Mario Tanev
Value of deals financed by Bulgaria's Elana Agrocredit falls 23.9% in Jan oticki/Shutterstock.com

SOFIA (Bulgaria), February 26 (SeeNews) - Bulgarian financial leasing company Elana Agrocredit [BUL:0EA] said that it has signed deals to finance purchases of agricultural land worth just over 180,500 levs ($100,500/92,300 euro) in January, down by an annual 23.9%.

Elana Agrocredit usually finances 80% of the value of the deals.

The number of deals signed more than halved to 8 in January from 17 in the same month of last year, the company said in a monthly bulletin.

In terms of the size of land purchased, Elana Agrocredit financed deals for 299 decares in January, up from 270 decares in the same month of 2018.

(1 euro = 1.95583 levs)

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