Business news from Ukraine

PIRAEUS BANK AND NIBULON SIGN UAH 3 MLN LOAN AGREEMENT

26 July , 2017  

KYIV. July 26 (Interfax-Ukraine) – Piraeus Bank (Kyiv) and Nibulon have signed a loan agreement with a financing limit of UAH 3 million for five years.
“We are pleased to start cooperation with Nibulon, one of the largest Ukrainian producers and exporters of agricultural goods,” the director of the bank department for work with corporate clients, Oleksiy Aniper, said.
Nibulon was established in 1991. It is one of the largest operators in the grain market of the country. It has elevators with a capacity of about 2 million tonnes, as well as its own transshipment terminal with a capacity of 5 million tonnes in Mykolaiv.
Nibulon cultivates 82,000 hectares of land, owns and operates the second largest network of internal elevators and river terminals, a sea terminal in Mykolaiv. The company exports mainly maize, wheat and barley to more than 20 countries. The annual volume of exports reaches 4.5 million tonnes.