EximBank, partnership with Aquila Group – top player on distribution services market
Bucharest, September 15, 2014 – EximBank is consolidating its position on the corporate finance segment targeted to Romanian entrepreneurs, the most recent partnership 100% Romanian being concluded between the bank and Aquila Part Prod Com and Seca Distribution, parts of the Aquila Group, one of the leaders on the local market of distribution services for fast moving consumer goods.
Through the concluded agreement, EximBank makes available to Aquila Part Prod Com and Seca Distribution a multi-product financing amounting at 3 million Lei.
”EximBank has the capacity of contributing to the development of Romanian businesses and is flexible enough to adapt to market requirements – as it was the case during the last years – becoming a real supporter of the local entrepreneurs. Including in our portfolio companies from the elite of Romanian economy, such is Aquila Group, confirms our strategic commitment to build a win win relationship with the business environment. Romanian capital has the power to create companies that are competing with traditional multinational players and EximBank is able to offer a products and services’ portfolio with competitive prices, attractive for the companies looking for business development solutions.”, said Traian Halalai, President of EximBank.
Established in 1994, Aquila Part Prod Com is the first company of the group having amongst its clients renowned international manufacturers such as Unilever, SCA, Lavazza, Philips, Mars, Coca Cola or BAT for which offers logistic and distribution services at national level for all retail channels. Later on, Seca Distribution appeared adding to the portfolio partners such as Wrigley and Ferrero.
”Our capacity of continuous adapting to the changes of the business models of our partners allowed us to maintain our position as a top company active in our market, registering business increases even during crisis times when FMCG markets contracted. We have been constantly diversifying our services, we have been trying to be present on all distribution channels (retail, gas stations, on-line, b2b), but I believe that one of the ingredients that made the difference were the expertise and the stable relationships with strong partners. We are trying to develop such a a partnership with EximBank as well, counting on its support for continuing our expansion plans being on constant search of new business opportunities.”, said Jean Dumitrescu, CFO of Aquila Group.
EximBank is a specialized institution whose threefold product portfolio focused on financing, guarantee and insurance, enables it to grant assistance to current activities and development of exporters, SME-s and companies involved in projects pertaining to key economic sectors, particularly those contributing to the absorption of EU funds. Since 2013 the bank has develop its clients ‘portfolio by closing financial agreements with some of the most representatives players in Romanian economy such as Alro, Grup Servicii Petroliere, Adrem Invest, Antibiotice Iasi, Agricover IFN, Astra Vagoane Calatori or Romcab.EximBank has registered a net profit of almost 32 Million Lei during the first half of 2014, 29% higher than during the same period of last year. For the same period of time the new financing granted has reached a volume of almost 475 Million lei out of which 90% has been directed towards financing the companies. The net credits portfolio has increased by 24% as compared to the end of 2013 and the bank’s assets have raised by 244 Million Lei.
Aquila Group in Ploiesti is currently first on the top of FMCG distributors in Romania. The Group has an experience of 15 years on the FMCG active distribution market, more than 10 years of experience in internal and external goods transportation ( own fleet of more than 400 trucks) and more than 8 years in storage, handling and repack (operating storage facilities adding up a surface of 35,000 sqm) offering integrated solutions to its clients. Along with the main companies Aquila Part Prod Com and Seca Distribution (having a total number of 2.300 employees), the Group also comprises Aquila Agricola – specialized in cereal agriculture, Aquila Construct – construction works and Nordexim Coffee Services – the biggest independent operator on the coffee, cold drinks, and food distribution through vending machines services market, as well as Standard AVD – established in 2003 to offer integrated distribution, transport and logistic services in Serbia and Trigor Avd – which has developed its network since 2001 covering now all the territory of Republic of Moldova with services of distribution, logistic and transport. On medium and long term, the group’s strategy focuses on developing logistic, marketing and sales services for manufacturers as well as on the development of the client data base on the traditional distribution services segment.