By KYIV. Oct 24 (Interfax-Ukraine) – One of the largest operators of the Ukrainian grain market, JV Nibulon LLC (Mykolaiv), signed a six-year agreement on restructuring its loan portfolio with state-owned Oschadbank, the press service of the grain trader reported on Facebook.
According to the report, the deal provides for the restructuring of credit limits, which the agricultural holding received from Oschadbank to replenish working capital.
“Nibulon has been our client for more than six years, not only in lending, but also in other banking services. At the beginning of a full-scale war, we supported our partners and financed Nibulon for UAH 240 million, in particular for the spring sowing campaign. Joint overcoming of crises only deepens the partnership,” Yuriy Katsion, deputy head of the bank board for corporate business, said.
“We very much appreciate the support of state-owned Oschadbank, which was one of the first to support the company during the war… JSC Oschadbank consistently implements investment programs, which in the case of Nibulon allow the company to continue operating activities, uniting Ukrainian agricultural producers with global market, and feed the world,” Andriy Vadatursky, General Director of JV Nibulon LLC, said and thanked Oschadbank for its trust and state position.
