OTP BANK JSC has increased the multicurrency credit line limit for TH “NOVAAGRO” LLC up to UAH 200 million. These funds will be used to finance the company’s working capital, namely, to purchase agricultural products in Ukraine and their subsequent export to international markets.
“Our successful experience of cooperation with OTP BANK JSC allowed us to increase the limit of financing from 125 up to UAH 200 million. Signing this agreement is the most important step for our further cooperation with one of the leaders in the Ukrainian financial market. This new agreement opens up new opportunities for TH “NOVAAGRO” and is an additional support for our plans’ implementation”, comments Maksym Pylypenko, director of TH “NOVAAGRO”.
According to Alla Biniashvili, Member of the Board of OTP BANK JSC: “The credit line extension for TH “NOVAAGRO” is a natural prolongation of our partnership. We highly appreciate the cooperation with this group and we are ready to contribute to its growth within the framework of the implementation of OTP Bank’s strategy for increasing credit granting for successful Ukrainian medium and large businesses”.