JSCB Lviv and Aqua Agro LLC (Vinnytsia) have announced the launch of a partnership program aimed at improving conditions for farmers when buying seeds, plant protection products and fertilizers, the bank’s press service reports.
According to the report, farmers can purchase products of Aqua Agro LLC by borrowing funds from Lviv JSCB at a rate of 0.01% per annum in UAH for a period of 3 months. The program’s advantages include no collateral, no issuance fee and no insurance for loans of up to UAH 5 million; a simplified process of assessing the financial condition of an agricultural enterprise and personal support from a bank manager.
Aqua Agro LLC was registered in 2021 in Vinnytsia. It is a distributor of plant protection products, seeds and fertilizers, including biological ones.
JSCB Lviv was established in 1990. In 2007, it became a fully foreign-owned bank. In January 2019, 51% of the bank’s shares were bought by the Swiss responsAbility Fund, and in 2022, the Nordic Environmental Finance Corporation Nefco bought 13.94% of the bank’s shares. According to the bank’s website, it serves more than 30 thousand customers a year and ranks fifth in terms of the number of branches in Western Ukraine.
