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COMINBANK will compensate farmers for part of the cost of domestic agricultural machinery

COMINBANK will compensate farmers for part of the cost of domestic agricultural machinery

COMINBANK joined the Program of compensation to agrarians for the cost of agricultural machinery of domestic producers. This was reported by the bank's press service.

The signing of a memorandum with the Ministry of Economy of Ukraine means that from now on, our clients can receive compensation from the state in the amount of 25% of the cost of purchased machinery from a Ukrainian manufacturer.

“For the third year in a row, Ukrainian farmers have been bearing the heavy burden of war on their shoulders. The damage and losses incurred by our agricultural sector amount to billions. Nevertheless, it continues to work heroically, providing food for Ukraine and the world. That is why today we are extremely pleased to take a step towards supporting agricultural producers. I am grateful to everyone who contributed to this important decision in favor of the agricultural business. After all, we are talking about serious support for the industry and food security of our country,” commented Tatyana Putintseva, Chairman of the Management Board of COMINBANK.

In order to receive compensation for the cost of agricultural machinery, agrarians (the Bank's clients) need to:

      • choose a supplier (from the list on the website of the Ministry of Economy)
      • purchase equipment of domestic production
      • submit an application for compensation and supporting documents to the Bank
      • receive compensation to the current account with the Bank.

The list of equipment subject to compensation is available on the website of the Ministry of Economy of Ukraine

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The mission of the Association of Ukrainian Banks is to support the development of the national banking system. The AUB cooperates with the Verkhovna Rada of Ukraine on improving the legislation governing banking activities, and interacts with the National Bank of Ukraine on regulatory support for the functioning of banks and non-bank financial institutions. The CBA takes care of the professional development of bank employees, expands international relations with associations and banking institutions of other countries.

 

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