KYIV. Oct 21 (Interfax-Ukraine) – First Ukrainian International Bank (FUIB, Kyiv) has bought receivables for a credit issued by bank Forum where Chuhuyiv Butter Factory (Kharkiv region) was used as collateral.
The bank said that at the initial stage of construction the owner of the company raised a loan from FUIB using property as collateral and a loan from bank Forum secured by some equipment of the plant.
Chuhuyiv Butter Factory was launched in 2015. By that moment bank Forum was removed from the market.
“FUIB as the only investor had the entire burden to finance the company – the factory that depends on seasonal factors and requires annual financial investment to support production cycle,” the bank said.
Late September FUIB bought the credit of bank Forum at an open tender held by the Individuals Deposit Guarantee Fund for UAH 158.18 million.
