Agronews: OTP Bank new partnership program with UMD
Together with “Ukrainian Mineral Fertilizers” company OTP Bank has initiated preferential financial program of clients for the acquisition of mineral fertilizers produced by the company.
The loan program is available to new and current clients of the bank at 0,01% per annum for the first five months of using credit limit. Just one day is needed in order to receive preliminary decision.
- Finance term – 12 months
- Interest rate
0,01% annum (first 5 months);
17% годовых (last 7 months);
- One-time commission on registration – 1%
- Flexible approach to collateral
«OTP Bank continues to create unique support programs to farmers, and this program is not an exception. The rate of 0,01% per annum for 5 months enable our clients to attract financial inflows in May and repay them in October without interest on the loan. “It feels like this is the best deals in the current crisis framework” – comments Ivan Erko, the Head of OTP Agro Factory.
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Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard.