Business news from Ukraine

UKRGASBANK WILL ISSUE UAH 1 BLN LOAN TO AGRARIAN FUND

1 December , 2016  

KYIV. Dec 1 (Interfax-Ukraine) – The Ministry of Agricultural Policy and Food has agreed a loan agreement for UAH 1 billion between PJSC Agrarian Fund and Ukrgasbank.

“Funds received from our partner – state bank Ukrgasbank – will be used to finance forward programs and support for agricultural producers,” Agrarian Fund Chairman Andriy Radchenko said.

The interest rate under the agreement is 21.5%. The collateral is food wheat, the market value is over UAH 2 billion.

In 2015, the Agrarian Fund and Ukrgasbank signed a loan agreement for UAH 300 million for one year.