State-controlled Oschadbank
(Kyiv) has acted as a guarantor of the agreements between Ukrainian agrarians
and BTG Pactual Commodities (based in Ukraine and part of the international
Brazilian group of companies BTG Pactual), which specializes in the purchase of
agricultural products in Ukraine, according to a press release issued by the
bank.
According to the report, in the third quarter of this year the bank
provided refund guarantees for advance payments in the amount of $3 million for
small, medium, and large sized agribusinesses.
"One of the priority problems of agribusiness is the difficulty in
small and medium agricultural producers obtaining sufficient funding inside and
outside the country. Therefore, the successful implementation of such
transactions is not only an effective instrument to attract the necessary funds
for agricultural producers but also the means to stimulate the inflow of
foreign currency earnings to Ukraine," the bank said.
BTG Pactual financial company was founded in Brazil in 1983. It is
involved in investment banking, capital and asset management, and has offices
in four continents.
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