Business news from Ukraine

ALFA-BANK, GLOBUS BANK TO CREDIT UKRAINIAN ENTREPRENEURS FOR PURCHASING BELARUSIAN GOODS

9 June , 2020  

Alfa-Bank and Globus Bank (both Kyiv-based) made agreements with the government of the Republic of Belarus on providing Ukrainian entrepreneurs with loans for the purchase of Belarusian goods on preferential terms using the resources of the latter, the press services of the banks said.
“According to the terms of the program, Alfa-Bank Ukraine will receive compensation for loan interest for the purchase of Belarusian machinery for a period of up to five years in the amount of two thirds of the National Bank of Ukraine discount rate, valid on the date when the loan is issued,” Alfa-Bank said on its website.
Under the preferential loan program, Ukrainians will be able to purchase Belarusian machinery, in particular agricultural, automotive and road-construction.
The compensation is provided under the agreement and decree No. 466 on some measures for the sale of goods produced in the Republic of Belarus of the president of Belarus dated September 24, 2009.
According to the National Bank of Ukraine (NBU), at the beginning of 2020, the largest shareholders of Alfa-Bank were indirectly Mykhailo Fridman (31.483767%), German Khan (20.085856%), Oleksiy Kuzmichov (15.638704%), Petr Aven (11.881235%) and UniCredit SpA (Italy, 9.484448%).
Bank Globus was registered in 2007. Its major participants as of January 1, 2019 were Olena Sylniahina and Dmytro Polkovsky indirectly through Ukrainian Media Technologies LLC (100%).

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