G.R. Agro signed a long-term revolving credit facility agreement with Creditwest Bank on July 5, 2021. According to the terms of the agreements, the credit lines are multicurrency.
This was reported by the press service of G.R. Agro.
As the chief operating officer of G.R. Agro Artem Rempen, the purpose of these loans is to meet the company’s seasonal needs for working capital for trading.
“We can use these lines to replenish working capital and support the company’s liquidity in the harsh conditions of market volatility and the high cost of crops in foreign markets. Another goal of opening a credit line is to increase the volume of purchases of the company, since lending conditions are loyal and close to “European”, – explains Artem Rempen.
At G.R. Agro positively evaluates the financing of the grain market of Ukraine by banks with foreign capital. This, in turn, shows the powerful potential of Ukraine in foreign markets.
“We would like to thank our financial partners Creditwest Bank for their confidence in G.R. Agro”, says Artem Rempen.