EBRD supports a food security loan to «Astarta» through an agreement with Ukrsibbank

 

https://www.myvin.com.ua/

Ukrsibbank, a Ukrainian associate of BNP Paribas Group, extends a USD8m loan to «Astarta».

It is reported by press center of the company.

As part of its efforts to boost food security in wartime Ukraine, the EBRD guarantees 60 per cent of the USD8m facility through an agreement with partner bank UKRSIBBANK BNP Paribas Group. The EBRD’s share of the multicurrency working capital loan risk totals USD4.8m.

The purpose of the loan is to replenish «Astarta»’s working capital, i.e. financing of expenses related to production, storage and transportation of sugar, as well as costs of growing, harvesting and transporting sugar beets.

Therefore, this loan is an essential component of the financing of «Astarta» by banks with foreign capital and shows a high level of trust in the company under martial law conditions in Ukraine.


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