October 21 (SeeNews) - Bulgarian financial leasing company Elana Agrocredit [BUL:0EA] said that it financed purchases of agricultural land worth 2.4 million levs ($1.4 million/1.2 million euro) in September.
In September 2018, the company financed deals worth 859,000 levs, according to previously published data.
Elana Agrocredit has financed farm land acquisitions worth some 9.3 million levs so far this year, data from the company's monthly bulletins shows.
By the end of September, 88.98% of the company's clients had paid their leasing payments due in 2019 in full.
In September, Elana Agrocredit signed a 15 million levs loan deal with local bank Expressbank, comprising a revolving credit facility of up to 5 million levs and an investment loan of up to 15 million levs for funding the expansion of the company's leasing portfolio.
Elana Agrocredit shares last traded on the Bulgarian Stock Exchange on Tuesday, when they gained 1.75% to 1.16 levs.
(1 euro = 1.95583 levs)