OTP Bank started a partnership program with Nuseed

OTP Bank further expanded the list of partner programs within the Agro Factory project, concluding a corresponding agreement with the American seed company Nuseed, which offers agricultural producers sunflower and sorghum hybrid seeds, developed in accordance with the needs of the Ukrainian market. So now agricultural clients can get loans in hryvnias for the purchase of seed material from the Nuseed company in Ukraine.

According to the program, targeted financing can be obtained for a period of 4, 6 or 9 months at preferential rates of 0.01%, 3% and 9% per annum, respectively.

Agricultural loans can be obtained in the amount of UAH 0.5-20 million. For credit limits up to UAH 3 million, financing is possible without collateral, and for loans up to UAH 20 million, financing is possible under the collateral of financial agricultural receipts. There is no commission for the borrower under this affiliate program. Among the basic requirements for clients are conducting specialized activities for more than three seasons and an official land bank of 200 hectares or more.

"Sunflower is one of the basic agricultural crops in Ukraine, including export crops. And under the conditions of climate change, which are becoming more and more noticeable every year, farmers need appropriate seed material. The seeds of such hybrids have plasticity and stability to our soil and climatic conditions. Therefore, OTP Banks’ Agro Factory started a partnership program with Nuseed. We are confident that this will definitely help our agribusiness in a difficult time for the country," said Ivan Yerko, head of the Agro Factory department.

“Nuseed's sunflower portfolio includes linoleic, high oleic and confectionery hybrids from the early to mid-late maturity group. Each hybrid can boast of high productivity, stability and resistance to common diseases. Separately, I would like to emphasize that one of the main advantages of Nuseed sunflower hybrids is a reasonable balance of price and "Premium class" seeds. This means that depending on the conditions of the region and the field, each farmer will be able to choose the best sunflower hybrid from Nuseed Ukraine. We appreciate the work of every farmer and distributor, so we offer the price that was before the war and an interesting support program in partnership with OTP Bank," stressed the director of Nuseed Ukraine, Kostiantyn Mishyn.

To learn more about the partner program please follow the link.

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.