Oschadbank is issuing UAH 200M in loans to farmers every day.
Over the past week, Oschadbank has been lending more than UAH 200M to one hundred agricultural enterprises every day. “Today, the portfolio of farming loans has exceeded UAH 2.4B ($80M). Every fifth borrower in the agrarian sector of Ukraine received a loan from Oschadbank,” reported the bank’s press service. In April, Oschadbank significantly changed its loan terms. The time for making credit decisions has been reduced from 8 to 3-4 days (funds are allocated in 1-2 days), the conditions for collateral have been liberalized, and the requirement for a minimum land bank cultivation size has been abolished. In addition, the bank updated its credit policy to be in line with wartime realities and regulatory changes introduced by the NBU.