Sense Bank and NIBULON have agreed to restructure the agricultural producer and exporter’s loan portfolio amounting to $27.6 million.
Under the terms of the agreement, the loan will have an eight-year term, with a three-year grace period extending until November 2027, followed by a five-year repayment schedule until September 2032.
Veronika Agafonova, Head of Agribusiness and Food at Sense Bank, commenting on the agreement, noted the importance of continued systematic support for Ukraine’s agricultural sector.
“For Sense Bank, it is extremely important to provide consistent and ongoing support to such an important sector of the Ukrainian economy as the agricultural sector. NIBULON is one of the largest exporters of Ukrainian products and has been a partner of the bank for about eight years. The completion of the restructuring by the bank is a vital step to support the company’s solvency and restore its export potential, to build a sustainable future for Ukraine’s economy,” said Veronika Agafonova.
Vitalina Marchenko, Head of Corporate Finance at NIBULON, is convinced of the power of moving together towards a common goal:
“Our restructuring program with Ukrainian banks is coming to an end. We are grateful to our partners from Sense Bank for joining it and supporting us by restructuring the company’s debt. We continue to work to justify the trust of our partners and will do everything possible to ensure that Ukrainian grain continues to feed people on every continent.”
Earlier, we reported that Oschadbank is refinancing NIBULON’s investment project for more than $20 million
