By KYIV. Oct 20 (Interfax-Ukraine) – JSB Ukrgasbank has increased the lending limit to its existing clients from Ternopil region, Farming Holding Gadz and Gadz-Agro LLC, the bank’s press service reported.
“Credit support from Ukrgasbank is aimed at replenishing the company’s working capital to ensure stable development during the war, which will help create additional jobs and increase the receipt of taxes and fees to the budget,” the bank’s website reported.
In addition, Ukrgasbank said that thanks to the funding received, Gadz-Agro is actively developing crop production, horticulture and vegetable growing, growing the most modern varieties of grains and oilseeds, developing the livestock industry, and introducing the latest technologies. The company also produces a line of fruit and vegetable juices and purees for baby food.
The company’s products are exported to Europe, the Middle East and Asia.
JSB Ukrgasbank was created in 1993. The state, represented by the Ministry of Finance, owns 94.9409% of the shares of the financial institution.
