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BCR to finance new biogas plant in Satu-Mare Country

BCR to finance new biogas plant in Satu-Mare Country

The Romanian Commercial Bank (BCR) finances the construction of a biogas plant in Ardud, Satu-Mare County, an investment made by First Biogaz S.R.L., member of BIOGEST, Austria.

“This biogas plant – which involves an investment of approx. €6 million – has an installed capacity of 1.5 MW, and the electricity it generates can cover the needs of approximately 4,500 households. The heat shall be used by an existing cereal drying plant and a fish farm,” declared Martin Schlerka, Biogest CEO.
“As a leader of the banking system in Romania, BCR is directly interested in financing and developing the local economy, including the renewable energy sector. And we continue financing the renewable energy sector by providing credit to First Biogaz S.R.L. Thus, BCR is very interested in funding renewable energy projects, which represent an important vector of the Romanian economy growth”, declared Tobias Waldemar Seiferth, Head of International Desk, BCR.

Biogas is a renewable energy source providing technological, ecological and economic advantages.

This sort of energy may be generated 365 days a year, at any hour of the day or night, being ideal to cover the energy demand during peak hours. This availability gives biogas an important role in the mix of energy from renewable sources of water, sun and wind. At the same time, it helps achieve the environmental protection objectives and can reduce the reliance on energy imports.

BIOGEST is an international Austrian-owned producer of biogas plants, which works in other locations too, such as Great Britain, Italy, Romania, Serbia and the Czech Republic. The business of Biogest covers design, planning, funding, turn-key construction and operation of plants with installed capacities ranging from 100 kW to 3,500 kW. Until now, the company has carried out over 90 projects of biogas plants in Europe.

Banca Comercială Română (BCR – the Romanian Commercial Bank), a member of Erste Group, is the most important financial group in Romania, providing universal banking operations (retail, corporate & investment banking, treasury and capital markets), and covering specialty companies working on the leasing market, asset management, private pensions, housing banks and mobile banking.  BCR is Romania’s No. 1 bank in terms of assets (over 16 €bn.), in terms of client base and in terms of savings and crediting.   BCR is also Romania’s most important financial brand, judging by the client trust rate and by the number of persons who consider that BCR is their main banking partner. 

BCR uses a network of 22 business centres and 23 mobile offices, plus 562 retails units located in most of the communities inhabited by at least 10,000 citizens to provide a full range of financial products and services.  BCR is Romania’s No. 1 bank running on the card and banking transactions market, since BCR customers have the largest ATM network at their disposal – over 2,200 ATMs and 15,000 POS terminals enabling customers to use their cards for shopping purposes, as well as the complete Internet banking, phone-banking and e-commerce services.

Erste Group is one of the main suppliers of financial services in Eastern European Union.  About 46,000 bank officers working in 2,900 branches in seven countries (Austria, the Czech Republic, Slovakia, Romania, Hungary, Croatia, and Serbia) assist 16.4 mn. customers. On 30 September 2013, Erste Group reported a total asset pool worth €207,9 bn., a net profit of €430.3 mn. and a 52.4% cost-to-income ratio.


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