KYIV. March 23 (Interfax-Ukraine) – Piraeus Bank (Kyiv) and public joint-stock company Concern Khlibprom (Lviv), a large bread producer in Ukraine, in March 2017 signed a credit agreement with the financing limit of UAH 100 million.
“The project confirms the bank’s desire to actively participate in the development of the Ukrainian economy in general and the country’s western region in particular. Plans of the bank to increase its credit portfolio by 120% also are evidence of this,” the bank said in a press release, citing Director for western region Marian Shabatura.
Khlibprom Concern is one of the largest bread producers in Ukraine. Its eight production units are located in Lviv and Vinnytsia regions. The company owns the Khlibna Khata, Namynaiko, Vinnytsiakhlib, Bandinelli, Liubliana and Khlib po Lvivsky brands.
In 2016, the concern made 73,000 tonnes of bread and bread products.
Piraeus Bank ICB was founded in 1994. On January 1, 2017 the largest shareholder of the bank with a stake of 99.9918% was Piraeus Bank S.A. (Greece).
Piraeus Bank ICB ranked 35th among 100 operating banks in the country on October 1, 2016 by total assets (UAH 2.948 billion), according to the National Bank of Ukraine.
