Bank Finance to Open UAH 90 mln Credit Line for Agrocomplex
OREANDA-NEWS. October 14, 2008. Bank 'Finance and Credit' has opened UAH 90m open-end credit line for Zelena Dolyna Agrocomplex Ltd. (Tulchynka™ – Terra Food Group) for 12 months; the funds are aimed at the replenishment of operating assets.
Terra Food Group has been the customer of Bank 'Finance and Credit' since 2007. Thus, in 2007, the Bank issued UAH 40 mln loan for Terra Food for 5 years; the funds were aimed at the execution of investment project.
"In spite of complicated situation in the financial markets, our Bank continues to support the leading enterprises of the agricultural sector of Ukraine", – said Leonid Pervak, Deputy Chairman of the Board, Bank 'Finance and Credit' and added, "We intend developing cooperation with the enterprises of Terra Food Group".
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