Megabank Granted Loans to Farms for UAH 5 mln in May
OREANDA-NEWS. May 26, 2009. PLC "Megabank", collaborating with the European Bank of reconstruction and development, German-Ukrainian Foundation and German State development bank ("KfW"), actively supports agricultural sector of Ukraine, reported the press-centre of Megabank.
Within the framework of this direction in May this year "Megabank" has approved the credit projects for small and mid-size businesses of agricultural sector of Ukraine for the total amount of UAH 5 million.
As per bank’s head of department of corporate client credit Petr Lashin, for the time of cooperation with international financial institutes on above said loan programs "Megabank" has granted loans to agricultural entities and farms for the total amount of USD 17 million, USD 10 million of which were channeled to refurbishment of fixed assets (purchases of highly productive agricultural machinery and equipment).
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