“KREDOBANK” HAS PROVIDED FINANCING TO TH “NOVAAGRO”

“Kredobank” has signed an agreement on granting a loan for 50 million hryvnias to the trading house “Novaagro”, which is a part of the companies group “Novaagro” — one of the leading companies of the agricultural sector of Kharkiv region. Resources, provided within the credit, will be directed to replenish circulating capital of the company.

“In PJSC “Kredobank” we have got a reliable partner with an impeccable reputation, which is one of the largest Ukrainian banks with foreign investments. The signed agreement with “Kredobank” will increase the existing loan portfolio and become an additional guarantee in relations with our partners”, — says Maksym Pylypenko, director of the trading house “Novaagro”.

Signing the loan agreement with Novaagro heralded the start of a new season of agribusiness financing in the bank. “Cooperation with agribusiness is “Kredobank’s” strategic approach. This marketing year we plan to finance farmers’ needs for more than 1,5 billion hryvnias in the form of loans for investment purposes, for replenishment of circulating capital and  financing agritechnics’ leasing. We welcome signing the loan agreement with “Novaagro” from Kharkiv and we hope to expand our cooperation in the future,” — says Yevhen Zaihraev, Executive Director of corporate business and SME of  PJSC “Kredobank”.

Working with agricultural enterprises is one of the key priorities of “Kredobank”. The Bank offers to agricultural clients loans for replenishment of circulating capital in hryvnias and foreign currency, as well as investment loans to purchase equipment and agricultural machinery, as well as bills avalization and financial leasing.

«Kredobank» develops programs of cooperation with leading world producers of agricultural machinery to provide agrarians with targeted financing on preferential terms and leasing of agricultural machinery.