Financing of agriclients in OTP BANK exceeded indicators that were before full-scale war
In OTP BANK JSC, the level of lending to the agricultural sector in 2024 exceeded the indicators of the end of 2021 and amounted to UAH 2 billion for small and medium-sized agricultural producers. This told head of corporate sales (mid+small caps) directorate of OTP BANK Olga Volkova.
«During 2024, the Bank provided new credit limits in the amount of almost UAH 2 billion within the «Agro Factory» project, which focuses on financing medium and small agricultural producers. This amount is UAH 600 million higher than the volumes for 2021, before the start of a full-scale invasion. And this testifies both to the desire of the business to increase capacity and scale, as well as to the trust of clients in the Bank. We are proud that OTP BANK is actively involved in lending to the agricultural sector of the economy, which is so important for our country», - Olga Volkova noted.
According to her, compared to 2021, the number of agricultural borrowers of OTP BANK in 2024 increased by 14.5%, and the agricultural loan portfolio of the Bank increased by UAH 818.8 million, or 6.3%.
She emphasized that OTP BANK's partnership programs with agro-suppliers, under which agricultural producers can obtain preferential financing conditions for seed material, plant protection products, fertilizers, etc., were in great demand on the market. In particular, at the end of 2024, the demand for affiliate programs was 33% higher than at the end of 2021.
Share these news with friends!
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.
Additional information
