OREANDA-NEWS. April 04, 2012. The general credit agreement was signed between the KSG Agro Group and CREDIT AGRICOLE. The first step of this cooperation is an opening of the multicurrency credit line. The total amount of the credit is 24 million UAH. The credit line will be directed to working capital. Group plans to expand this line to 48 million in a future.

 "Granting the credit line to the Company is the testimony of financial stability and investment appeal of business of KSG Agro. It is comfortable for us to work with CREDIT AGRICOLE bank as it is one of few banks in Ukraine specializing in agrisector. Bank’s experts understand our business, know what has to be analyzed and which indicators have to be checked. And this accelerates process of relationships." – Yury Gogol, the head of treasury of KSG Agro comments.

The information about the company:

 KSG Аgro S.A – a vertically integrated holding, which works almost in all segments of the agricultural market, including production, storage, processing, and sale of the agricultural products. The lend bank under control is 61 000 hectares. In 2011 KSG also started pig breeding and fuel agro-pellets production.
 Profit for the 9 months ended in 2011 is USD 18,3 thousand, gross profit – USD 19,9 thousand, income – USD 11,9 thousand, EBITDA – USD 19,7 thousand.