Piraeus Bank and Technotorg signed a loan agreement with a total limit of USD 3 million, for a period of 5 years. This was reported by the press service of the Piraeus Bank.
In frame of the agreement the company will have the possibility to issue guarantees as an additional security of the payment under the contracts in favor of their foreign counterparties.
«Working capital attraction provides our partner with the additional funding source while banking guarantee issue will allow him to confirm contractual obligations to his foreign counterparts. We are happy that Piraeus Bank has become the financial partner of such a company as Technotorg which is one of the biggest agricultural equipment supplier in Ukraine,» - commented Alexyi Aniper, Director of Corporate Banking of Piraeus Bank