High-Tech Partnership for Agribusiness: OTP BANK and Frendt Launch Joint Financing Program
JSC “OTP BANK” is offering favourable financing terms for agricultural producers to purchase cutting-edge equipment — the innovative ARA sprayer by Swiss company Ecorobotix, featuring artificial intelligence and integrated cameras. This Swiss-engineered solution, distributed by Frendt, enables ultra-precise application of selective herbicides directly onto weeds, avoiding unnecessary impact on crops and fields.
“The OTP BANK team welcomes this high-tech partnership. We firmly believe that innovation is the key driver of sustainable growth. That’s why we are delighted to support farmers in acquiring advanced machinery that not only increases operational efficiency but also contributes to environmental preservation. Together with Frendt, we have developed a state-of-the-art blend financing program — an attractive financial solution that combines bank financing, private partnerships, state support, grant components and technological advantages. This comprehensive approach helps our agricultural clients maintain their leadership in the sector,” said Pavlo Huzyr, Head of Alternative Sales Channels Projects at OTP BANK.
The financing program is available for up to five years. Its unique value lies in combining preferential financing conditions that reduce additional costs, making the program more accessible and cost-effective.
Key benefits include:
- Integration with the government program “Affordable Loans 5-7-9%” alongside partner support;
- Annual interest rate of 7% in UAH, with the possibility to decrease to 5% if the agricultural enterprise creates new jobs;
- No one-time processing fee;
- No collateral insurance requirement for farmers;
- 10% cashback from the EBRD on the financed amount.
“The innovative ARA sprayer by Swiss company Ecorobotix is a game-changing solution for modern agriculture. With this AI-powered technology, farms can reach a new level of efficiency — not only saving on inputs, but also significantly reducing environmental emissions, improving product quality and meeting European standards. Thanks to flexible payment terms with OTP BANK, the ARA sprayer by Ecorobotix has become accessible to all. It’s simple: use today — pay later,” shared Andriy Kaploniuk, Commercial Director of Frendt LLC.
Who is eligible for the financing?
Agricultural producers operating for more than three seasons with a land bank starting from 200 hectares are eligible to apply.
You can find out more here.
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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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