Alfa-Bank Ukraine Provided Loan to Agrarian Industrial Holding Astarta-Kyiv for UAH 200 mln

Alfa-Bank Ukraine provided to Agrarian Industrial Holding Astarta-Kyiv the loan in amount of UAH 200 mln within total loan limit of UAH 40 mln. The funds will be used for the needs of agricultural production: purchase of fuel, mineral fertilizers, plant protection products, and autumn sowing campaign.

“Plant production cannot be paused. Here it is necessary to ensure the continuity of all processes and be prepared for them in advance. Therefore, financial support, especially during a full-scale war, is especially valuable. We have already started the harvest of early cereals and are actively preparing for the autumn sowing campaign. Thanks to this partnership with Alfa-Bank, we will be able to guarantee food security in Ukraine,” — said Vadym Skrypnyk, Agricultural Production Director of Agrarian Industrial Holding Astarta-Kyiv.

Cooperation with companies of the agro-industrial complex is one of the strategic directions for Alfa-Bank. Almost 30% of the entire loan portfolio of legal entities of the financial institution is made up of agricultural sector loans.

“In this difficult time for our country, provision of timely support to farmers is actually the duty of financial institutions,” — said Lilia Lymanska, Vice President, Director on Work with Agricultural Industry and Telecommunications Companies of Alfa-Bank Ukraine. “We are proud of our cooperation with Astarta, and we believe in victory.”

We shall remember that Alfa-Bank Ukraine works with Agrarian Industrial Holding Astarta-Kyiv for over 6 years already. In addition to lending, the bank handles the daily operations of the holding, including foreign economic contracts.

Alfa-Bank Ukraine is one of the systemically important banks of Ukraine. The bank provides convenient modern banking solutions to customers in all segments: from individuals to the largest companies, being one of the leaders within implementation of new technologies.

Astarta-Kyiv is one of the largest vertically integrated agrarian industrial holdings of Ukraine. The main activity is concentrated in crop production, sugar industry, dairy cattle breeding, soybean processing, grain logistics, and bioenergy. It conducts socially responsible business. In March, together with Charitable Fund Believe in Yourself it created Common Help UA humanitarian project within which more than 14.3 ths tonnes of humanitarian cargoes was transferred. The help was provided to more than 670 ths of Ukrainians affected by war and 270 social and medical institutions in 16 oblasts of Ukraine.