No paperwork, just fast decisions: OTP BANK launches an online service for farmers
Online agricultural lending has become a reality. OTP BANK JSC has launched a new digital service for farmers — AgroPortal — enabling clients to submit financing applications and receive the Bank’s decisions entirely online.
The service is available via the following link: AgroPortal by OTP BANK.
“For our clients, speed, simplicity, and accessibility of financing are critically important. That is why we continue to actively develop digital services for agribusiness. AgroPortal makes interaction with the Bank максимально comfortable and transparent: no paperwork, no unnecessary processes, and with the ability to receive financing decisions promptly,” said Ivan Yerko, Head of Agro Factory at OTP BANK.
Through AgroPortal, agricultural producers can quickly and conveniently apply for financing without paper documents, branch visits, or additional file exchanges via email. OTP BANK also provides clients with information on their approved financing limits directly through AgroPortal. The platform ensures a fully digital communication cycle between the client and the Bank — from submitting an application to receiving a financing decision.
The new service marks another step in the Bank’s development of modern digital solutions for the agricultural sector and in simplifying businesses’ access to financing. OTP BANK emphasizes that the launch of AgroPortal forms part of the Bank’s digital transformation strategy and its commitment to developing innovative services for corporate clients.
Almost 10 years ago, OTP BANK together with International Finance Corporation launched the Agro Factory project, enabling agricultural producers to access transparent and beneficial financing quickly and conveniently. Within the framework of this project, dozens of partnership programs with suppliers of seeds, fertilizers, and agricultural machinery are already operating.
OTP BANK provides the full range of lending solutions required by clients. Among the Bank’s key advantages are fast decision-making, financing under agricultural receipts of up to UAH 40 million without additional collateral, participation in the state-supported “5-7-9%” program, as well as joint programs with the European Bank for Reconstruction and Development that offer cashback of up to 10% for energy-efficient equipment.
More information is available via the link.
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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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