Piraeus Bank and Technotorg signed a loan agreement with a total limit of USD 3 million, for a period of 5 years. This was reported by the press service of the Piraeus Bank.
In frame of the agreement the company will have the possibility to issue guarantees as an additional security of the payment under the contracts in favor of their foreign counterparties.
«Working capital attraction provides our partner with the additional funding source while banking guarantee issue will allow him to confirm contractual obligations to his foreign counterparts. We are happy that Piraeus Bank has become the financial partner of such a company as Technotorg which is one of the biggest agricultural equipment supplier in Ukraine,» - commented Alexyi Aniper, Director of Corporate Banking of Piraeus Bank
On July 21st, 2022, the National Bank of Ukraine introduced changes on the transactions and operations carried out abroad (outside of the territory of Ukraine) on Hryvnia (UAH) cards and accounts. Those new limitations are only related to operations, carried out abroad from UAH cards and accounts, whilst foreign currency cards and accounts have not been impacted from those restrictions. In detail:
UAH12.500 equivalent in foreign currency per 7 days from the first time of withdrawal. The limit is not calculated cumulatively.
UAH80.000 equivalent per calendar month for transactions at POS terminals (physical presence of card or NFC technology on phone), purchases on the internet secured by full 3DSecure* and recurring payments**.
UAH20.000 equivalent per calendar month for the rest type of online transactions.