Bank Credit Dnipro and a group of agricultural companies AIC Group signed an agreement to open a credit line for the amount of UAH 60 million. The funds will be used to carry out the sowing campaign and purchase of agricultural equipment. Recipients of credit funds will be the group's enterprises in Vinnitsa and Zhytomyr regions.
AIC Group is an agrarian group with a land bank of more than 14 thousand hectares, which is present in Zhytomyr, Vinnitsa, Khmelnitsky and Ternopil regions, which has elevator capacities with the possibility of a one-time storage of 40,000 tons, as well as a trading company operating in the domestic and international markets, "said Igor Kutsenko, Chairman of the Supervisory Board of AIC Group. "We regularly attract financial resources for the dynamic development, successful management and modernization of the business and we confirm the reputation of a reliable responsible partner of the bank, which timely and fully fulfills all its obligations."
"Our bank is increasing investments in agribusiness, considering it a priority vector of the credit strategy and focusing on cooperation with companies that have proven themselves to be effective market participants and bona fide partners," said Vitaly Palura, Deputy Chairman of the Board of Bank Credit Dnipro. - Today we offer agrarians profitable full-cycle crediting programs, targeted partner loan programs, non-resource financing instruments. We are planning this year to double the loan portfolio of agricultural producers, making our contribution to supporting one of the main branches of the Ukrainian economy. "
Read more about the target product offers of the Bank Credit Dnipro for agribusiness through the link.