“Oschadbank” will help Nibulon to restructure its loan portfolio
JSC “Oschadbank” and JV “Nibulon” LLC signed a six-year agreement on the restructuring of the company’s loan portfolio.
The agreements provide for the restructuring of credit limits that the company received from “Oschadbank” to replenish working capital.
“Nibulon” has been our client for more than six years, not only in lending, but also in other banking services. At the beginning of the full-scale war, we supported our partners and financed “Nibulon” for UAH 240 million, in particular for the spring sowing campaign. We appreciate the great contribution that the company makes to ensuring the country’s food security, and the courage of the company’s management and staff in its recovery after the destruction caused by Russian military aggression. But joint overcoming of crises only strengthens the partnership,” stressed Yuryi Katsion, Deputy Chairman of the Board of “Oschadbank”, responsible for corporate business, during the signing of the documents.
In turn, General Director of JV “Nibulon” Andriy Vadaturskyi noted that the company extremely highly appreciates the support of the state JSC “Oshchadbank”, which was one of the first to support the agricultural holding during the war.
“The decision to restructure the financial obligations of Nibulon is a manifestation of partnership aimed at protecting the economic interests of Ukraine, because it is the state banks that should help Ukrainian businesses restore the economy. JSC “Oschadbank” consistently implements investment programs, which in the case of “Nibulon” enables the company to continue operating activities, connecting Ukrainian agricultural producers with the global market, and feeding the world,” said the general director.