PRAVEX BANK became a member of the state program to support agricultural producers. The corresponding Memorandum on general principles of cooperation was signed with the Ministry of Economic Development, Trade and Agriculture of Ukraine.
The participation of PRAVEX BANK in State financial support program will allow agricultural producers to obtain credits from the bank at 5% per annum in hryvna at the expense of compensation of the part of interest rate from State budget. According to the conditions of program, the credits can be provided both for replenishment of working capital and for purchase of technical devices, equipment, fixed assets.
Besides the cheap loans, in the framework of cooperation with the Ministry of Economic Development, Trade and Agriculture of Ukraine, agricultural market participants will be able to receive through PRAVEX BANK and other state financial support for the development of livestock, horticulture, viticulture, hop-growing, partial compensation for the cost of agricultural machinery and equipment of domestic production, development support of farms and cooperatives.
“Clients will be able to access the state funding program through our bank. We offer favorable and flexible lending conditions for agricultural producers from a bank that is the part of Intesa Sanpaolo international banking group. We consider it very important to support the agricultural sector of Ukraine as priority one and do it with success, ”stated Francesco Lupo, the Head of Corporate Division of PRAVEX BANK.
For more information, please contact the nearest branch of PRAVEX BANK or call 0800 500 450.