State-owned Oschadbank has provided one of the Ukrainian companies belonging to a transnational agro-industrial corporation included in the Fortune Global 500 list with a multicurrency revolving credit line with a limit equivalent to $10 million. The funds will be used to finance working capital, purchase raw materials and ensure the uninterrupted operation of production facilities in Ukraine.
According to the bank, the names of the company and its parent corporation are not disclosed for security reasons and due to wartime risks. It is only known that the company is a major international agro-industrial player that maintains a significant presence in the Ukrainian market and plays an important role in the development of the country’s processing industry.
The credit line is revolving, allowing the company to repeatedly use borrowed funds within the established limit to cover its current financing needs. This type of instrument is particularly in demand in the agricultural and processing sectors, where the need for working capital strongly depends on the seasonality of raw material purchases and the production cycle.
Serhii Chernikov, Director of Oschadbank’s Corporate Business Department, said that cooperation with international corporations remains one of the bank’s priorities even amid the full-scale war. According to him, the bank expects further development of the partnership, including in the structuring of complex financial solutions and support for export-import operations.
Oschadbank emphasizes that the activities of such international companies are important for the Ukrainian economy. Despite wartime risks, they continue to support production, preserve jobs, ensure export supplies and invest in the development of enterprises in Ukraine. In the bank’s view, this is an important signal for foreign investors regarding the preservation of long-term business prospects in the country.
A representative of the Ukrainian division of the transnational corporation noted that Oschadbank became the first state-owned bank with which the company started cooperation in Ukraine. According to the representative, having a financial partner that understands the specifics of the agro-industrial business and is able to promptly provide the necessary financing instruments is highly important for the stable operation of the enterprise.
The company expects that the new credit line will allow it to diversify borrowing sources, improve financial flexibility and respond in a timely manner to seasonal working capital needs. This should ensure continuity of production processes and the fulfillment of obligations to suppliers and customers.
Oschadbank notes that the transaction is in line with the bank’s strategy to support corporate clients with resilient business models that continue to operate in Ukraine, invest in industry and maintain economic activity during wartime. Lending to large international companies also contributes to strengthening the country’s export potential and supporting the national economy.
