News

CBS signs contracts with three main banks for LORES – the electronic loan referral system

July 2, 2015 - Raiffeisen Bank, Procredit and Credins signed legal agreements to receive professional loan applications referred by CBS through LORES. All three banks ran extensive business, IT and security reviews of the system which deemed satisfactory. Signing of contracts is a key milestones success for LORES not only as a business model but as an information platform. The contracts are a key part of the sustainability plan of AgroCapital’s first component, loan referrals. CBS is in negotiations with two other large banks, BKT and Intesa SanPaolo to further expand the system.