fbpx
Size of letters 1x
Site color
Image
Additionally
Line height
Letter spacing
Font
Embedded items (videos, maps, etc.)
 

OTP Bank has updated the terms of agricultural loans for new and existing customers

21/ 11/ 2022
  OTP Bank will provide financing to current and new agrarian clients under updated terms that are unique to the Ukrainian market. Ivan Yerko, head of Agro Factory department, said this during an online meeting with representatives of the All-Ukrainian Accounting Club. An agricultural producer can receive a loan in the amount of up to UAH 3 million without collateral and up to UAH 20 million only with the collateral of a financial agrarian receipt. We are ready to finance up to UAH 40 million under agrarian receipts and collateral of real estate or equipment. More than UAH 40 million are provided under a combined receipt, he noted. As I.Yerko emphasized, Agro Factory has also updated its services for customers. In particular, today there is already an opportunity to get a preliminary decision on a loan based only on the unified state register code of the agricultural enterprise and a copy of the financial statements. In addition, the bank implements automatic notification of the status of the application in the credit process. If earlier it took up to nine working days from the date of application to the receipt of loan funds to the account, and this was revolutionary for the market, now the loan can be obtained in only four working days, said the head of Agro Factory department. Also, I. Yerko reminded that Agro Factory has about 30 partner programs, under which farmers can get credit for the purchase of plant protection products, seeds, fertilizers. Among the largest are programs with Syngenta, UKRAVIT, Timac Agro, Lidea, ALFA Smart Agro.

OTP Bank will provide financing to current and new agrarian clients under updated terms that are unique to the Ukrainian market. Ivan Yerko, head of Agro Factory department, said this during an online meeting with representatives of the All-Ukrainian Accounting Club.

“An agricultural producer can receive a loan in the amount of up to UAH 3 million without collateral and up to UAH 20 million only with the collateral of a financial agrarian receipt. We are ready to finance up to UAH 40 million under agrarian receipts and collateral of real estate or equipment. More than UAH 40 million are provided under a combined receipt,” he noted.

As I.Yerko emphasized, “Agro Factory” has also updated its services for customers. “In particular, today there is already an opportunity to get a preliminary decision on a loan based only on the unified state register code of the agricultural enterprise and a copy of the financial statements. In addition, the bank implements automatic notification of the status of the application in the credit process. If earlier it took up to nine working days from the date of application to the receipt of loan funds to the account, and this was revolutionary for the market, now the loan can be obtained in only four working days,” said the head of Agro Factory department.

Also, I. Yerko reminded that “Agro Factory” has about 30 partner programs, under which farmers can get credit for the purchase of plant protection products, seeds, fertilizers. Among the largest are programs with Syngenta, UKRAVIT, Timac Agro, Lidea, ALFA Smart Agro.

If you have found a spelling error, please, notify us by selecting that text and pressing Ctrl+Enter.

Start
in the Telegram bot
Read articles. Share in social networks

Spelling error report

The following text will be sent to our editors: