KYIV. Nov 9 (Interfax-Ukraine) – State-controlled Oschadbank (Kyiv) has acted as a guarantor of the agreements between Ukrainian agrarians and BTG Pactual Commodities (based in Ukraine and part of the international Brazilian group of companies BTG Pactual), which specializes in the purchase of agricultural products in Ukraine, according to a press release issued by the bank.
According to the report, in the third quarter of this year the bank provided refund guarantees for advance payments in the amount of $3 million for small, medium, and large sized agribusinesses.
“One of the priority problems of agribusiness is the difficulty in small and medium agricultural producers obtaining sufficient funding inside and outside the country. Therefore, the successful implementation of such transactions is not only an effective instrument to attract the necessary funds for agricultural producers but also the means to stimulate the inflow of foreign currency earnings to Ukraine,” the bank said.
BTG Pactual financial company was founded in Brazil in 1983. It is involved in investment banking, capital and asset management, and has offices in four continents.
