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