Pivdenny Bank became a member of the state program to support agricultural producers
Pivdenny Bank has become a member of the state program to support agricultural producers. The corresponding supplementary agreement to the General Principles of Cooperation Memorandum was signed with the Ministry of Agrarian Policy and Food of Ukraine.
Under the terms of the program, the state can partially compensate the landowners costs for the purchase of domestic machinery / equipment for the agricultural sector from manufacturers and / or their dealers.
Participants of the agrarian market in cooperation with the Ministry of Agrarian Policy and Food of Ukraine, will be able to receive partial reimbursement of the cost of machinery and equipment through Pivdenny Bank. Previously, such payments were made only through state.
“We are pleased that our clients will have direct access to this program through our bank, since the support of the agricultural sector is one of our priority areas of lending – more than 20% of the loan portfolio of legal entities of the bank belongs to the agricultural industry. Thanks to our comprehensive proposals and individual approach, we were able to increase the volume of lending to the agricultural sector by 1.5 times last year”, – said Oleg Sokolov, head of sales of small and medium-sized businesses at Pivdenny Bank.