Pivdenny has developed comprehensive credit solutions to support exporters

Pivdenny Bank has developed new comprehensive credit solutions to support exporters.

Now, in addition to financing export activities under the insurance of Export Credit Agency (ECA), exporters can obtain a loan under the Affordable Loans 5-7-9% programme with ECA insurance too. This allows the client to attract profitable financing with a reduced interest rate thanks to state compensation - even without a solid collateral, because ECA insurance is recognized as an acceptable collateral according to the requirements of the NBU. Thus, the client receives a preferential loan without collateral, and the bank is insured against non-return risks.

For corporate business, the bank has also introduced the Financing of Clients for VAT Refunds programme. It is focused primarily on exporters – the main recipients of VAT refunds from the state budget. Clients can receive short-term financing to cover the cash gap until the VAT refund from the budget. Currently, Pivdenny is actively working on expanding the capabilities of this programme – in particular, on the introduction of foreign currency financing.

The new programmes are available for small, medium, and large businesses.

We remind you that Pivdenny Bank joined the ECA partner banks under the exporter support programme in July 2023.

In 2024, Pivdenny increased the volume of corporate lending by 41%, while the growth rate in the banking system as a whole is only 15%. About 64% of the total increase in limits in 2024 (UAH 5.6 billion) at the bank is accounted for by exporters.