OTP Bank financed a new pig farm construction by Globino group
JSC "OTP Bank" signed a loan agreement with one of the largest producers of meat products in Ukraine - LLC SPE "Globinsky pig farm" - for 15 mio USD to finance the construction of a new pig farm and replenish working capital.
A new pig farm construction with OTP Bank’s participation will increase the company's production capacity to 300,000 head per year. The launch is scheduled for the end of 2021. The loan agreement was signed for 5 years.
OTP Bank actively supports domestic producers and has a wide range of banking products for agribusiness, including: lending for working capital replenishment, investment lending, including financing the construction of production facilities, elevators, financing/refinancing costs related to the purchase of equipment, upgrades, etc. The bank offers a wide range of partner programs for agricultural producers, which provide preferential terms for the machinery, equipment, plant protection products and fertilizers purchase. The list of the partners includes more than 30 companies.
“Thanks to a wide range of products and in-depth understanding of the OTP Bank's agricultural clients’ needs, it continues to expand its presence in the industry financing and confirms the title of the "Best Bank for Agribusinss" under the Global Banking & Finance Award 2021. At the moment OTP Bank signed about UAH 3 billion credit agreements with agricultural companies,”— commented Olga Volkova, Director of Sales to OTP Bank's Medium and Small Corporate Clients.
More about OTP Bank's cooperation with agribusiness at the link: https://www.otpbank.com.ua/agribusiness/.
Globino Group of Companies - one of the leading producers of sausages and meat products on the Ukrainian market, organized in 1998.
Today, the vertically integrated structure of the group includes enterprises that provide a closed cycle of production and sale of the products:
- LLC "Globinsky meat-packing plant» is the leading enterprise of the group, produces more than 200 product items;
- Globinsky Butter and Cheese Factory LLC is a modern enterprise with its own raw material base, which processes up to 150 tons milk per day;
- Ltd.«SPE "Globinsky pig farm"is the enterprise of the group, which has the highest dynamics of development and has no analogues in Ukraine;
- LLC "Globino Agro» is a crop direction of the Globino group;
- LLC "SPE" Globinsky meat and dairy complex» provides the high-yielding livestock cultivation, supply of raw materials to Globinsky Butter and Cheese Factory LLC;
- Trading house "Globino» ensures the sale of products of TM "Globino" throughout Ukraine and abroad.
Increasing and modernizing production capacity in combination with efficient management ensure sustainable development of the enterprise. Constantly expanding the range of products under the brand "Globino", the group has occupied a leading position in the domestic food market.
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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.
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