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Banks prolonged UAH2.3 milliard agrarians credits
17.04.2009 10:04 "Agro Perspectiva" (Kyiv) —
As of Apr 13/09, commercial banks have extended UAH2.3 milliard credits earlier given to agricultural producers, reported Minister of Agrarian Policy Yuriy Melnyk. “As of now, in total UAH2.3 milliard credits have been prolonged,” declared Melnyk. Minister made it known credits were prolonged for 1,170 agricultural companies, while total country agrarians prolongation requirement is UAH4.1 millard. As to Raiffeisen Bank Aval (listed among Ukrainian agrarian sector biggest creditors) data, as of Apr 01/09, Bank prolonged UAH1.3 milliard credits earlier given to agrarians. As of Apr 01/09, Bank agrarians credits total portfolio was UAH5.7 milliard. In meanwhile, Raiffeisen Bank Aval is going to receive first tranche of National Bank of Ukraine (NBU) refinancing (allocated to assure agrarians financing). Reportedly, this year Mar NBU decided to make UAH1 milliard Raifeisen Bank Aval refinancing in order to provide agrarians financing, with refinancing first tranche possible to reach UAH100 mn and up.
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