«NIBULON and Raiffeisen Bank have signed a bilateral agreement to restructure a loan amounting to USD 45 million for a period of six years. This is an example of real support and a demonstration of trust from the Ukrainian bank and international financial institutions towards Ukrainian businesses during the war.

“We always support Ukrainian farmers whose businesses have been affected by the war, and we meet halfway with clients who strive to fulfill their obligations in good faith. We also approach each debt restructuring case individually,” noted Natalia Gurina, Deputy Chair of the Management Board of Raiffeisen Bank responsible for risk management and problem loans.

“We all remember the striking footage of four 500 kg aerial bombs hitting the grain terminal of Kozatska branch in Kherson region and the subsequent flood caused by the destruction of the Kakhovka HPP. Understanding this fact allows us to grasp the level of trust the bank has in NIBULON, which the company receives along with the restructuring. We thank you for choosing NIBULON and for supporting the economic resilience of the agricultural sector and Ukraine in the face of wartime challenges,” said Iryna Levkivska, CFO of NIBULON.

We are grateful to Raiffeisen Bank for taking this step towards NIBULON. We would also note that NIBULON Group has more than 25 Ukrainian and foreign creditors, the vast majority of whom have already supported and signed the restructuring terms.