AUB partners news

PRAVEX BANK and NIBULON signed an agreement on restructuring of the loan for $5.5 million

PRAVEX BANK, a member of Intesa Sanpaolo Group, and NIBULON, one of the largest grain market operators in Ukraine, have entered into a bilateral agreement to extend the restructuring of a USD 5.5 million loan.

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PRAVEX BANK and NIBULON signed a bilateral agreement on restructuring of the USD 5.5 million loan

As partners with a long history of cooperation, the parties agreed to extend the term of the contract for 6 years with preferential interest rates and a grace period for debt repayment.

"PRAVEX BANK approaches each case of debt restructuring individually, taking into account the specifics of the business and the needs of its clients. This approach allows us to provide the most effective financial solutions and maintain stable partnerships,’ said Yuriy Lytvynenko, Director of the Loan Management Department of PRAVEX BANK.

The loan restructuring will help NIBULON to optimise its financial flows and focus on implementing strategic projects aimed at strengthening and developing the agricultural sector of Ukraine.

‘We are confident that this step will be an important stimulus for further growth and prosperity of the company, strengthening our market position and contributing to the economic development of the country,’ said Iryna Levkivska, CFO of NIBULON.

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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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