Joint-Stock Company «Commercial Industrial Bank» has signed a Memorandum with the Ministry for Development of Economy, Trade, and Agriculture of Ukraine on the general principles of cooperation for the implementation of the state program of support of agricultural producers.
The signing of the Memorandum — is a joint step of COMINBANK and the state on the joining of efforts in creating favorable conditions in the financial and credit provision of agricultural producers.
«The use of state financial support funds for agricultural producers is carried out in accordance with the Procedures approved by resolutions of the Cabinet of Ministers of Ukraine in the following directions: state support for the development of livestock and processing of agricultural products; partial compensation of the cost of agricultural machinery and equipment of domestic production; financial support for the development of farming households and financial support for measures in the agro-industrial complex by way of reducing the cost of loans» — notes Denys Buiun, Director of the Sales Department of JSC «CIB».
More details about the program
Background
JSC «COMMERCIAL INDUSTRIAL BANK» was founded in 1993, operates on the market as a universal bank. The Bank provides a full range of financial services both to corporate clients and to private individuals. JSC «CIB» fulfills all economic norms established by the NBU in accordance with legislation. In June 2020, by the decision of the Rating Agency «Standard-Rating», the long-term credit rating of Joint-Stock Company «COMMERCIAL INDUSTRIAL BANK» on the national scale was updated at the level of uaAA. The Bank has 36 branches in various regions of Ukraine.
