For the fist time, agricultural producer enjoys financing from MTB BANK against "vegetable" agrarian receipt

PJSC "MTB BANK" is among the first banks of Ukraine to have financed an agricultural producer against the agrarian receipt on the carrots harvest. The possibility do do that presented itself thanks to the project known as "Agrarian receipts in Ukraine". MTB BANK maintains a proactive engagement in applying the agrarian receipts tool, which is implemented by IFC project (World Bank Group) with the support of the Swiss Confederation. In 2019, MTB BANK introduced a range of exclusive lending programmes to the market, those aimed at providing finance to agricultural producers against the agrarian receipts. Futhermore, it is not only producers of the traditional crops (cereals, oil seed), but also producers growing fruits and vegetables receive loans from the bank. On 29 November, within the framework of the programme "Agro New", PJSC "MTB BANK" Full Branch in Mykolaiv was the fist in Ukraine to have financed company "Adonic Agro Yug" LLC specialising in vegetables production in Mykolaivska and Khersonska Oblasts. The loan was granted against the financial agrarian receipt on the carrots harvest for the total amount exceeding three million UAH. Normally, farmers operating in the horticultural sector get a restricted access to bank lending, however, due to the programme "Agro New", fresh fruit and vegetables producers are now in the position to attract the resources vital for their trade.