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Piraeus Bank and AGRO-ARENA have signed a partnership agreement
02 April 2018

Piraeus Bank and AGRO-ARENA have signed a partnership agreement whereunder the bank offers preferential financing terms for enterprises when buying goods produced by the companies UKRAVIT and MAIS (Cherkassy city).

Consequently, when paying by promissory note avalized by Piraeus Bank, the customer will bear only the costs at the level of 1 p.c.t p.a. from the promissory note amount being the price for Bank’s avalizing. The interest rate for the Bank’s loan facility will be also deceased down to 12 p.c.t p.a. when it is provided to pay for the goods bought from Agro Arena.

“The partnership program allows for our customers to get low pricing for the Bank’s services as loan facility and promissory note avalizing provided to make the payment for the company’s products and significantly may reduce customer’s costs for the loan facility servicing and for purchasing fertilizers of good quality and at once may mitigate loan default risk. In the same time there is the possibility to provide the loan facility against crops receipts in the frames of this partnership program. The last will allow to the agrarian to increase borrowed capital and simplify the access to bank’s financing,” commented Oleksyi Aniper, Director of Corporate Banking of Piraeus Bank.