Credit limit expanded
20-09-2013
The Board of Directors of Agroliga group reports that September 19, 2013 signed a additional agreement with a PJSC "Megabank" to expand credit line limit of the group from euro 1.06 mln to euro 3.2 mln. Funds may be taken in local currency, U.S. dollars or euros, floating interest rate depends from the currency. The contract is signed for 3 years.
Increasing of credit limits reflects Group's operations expanding.
Credit line funding can be used as for investment in fixed assets, to start new strategic investment program, as for working capital.
Increasing of credit limits reflects Group's operations expanding.
Credit line funding can be used as for investment in fixed assets, to start new strategic investment program, as for working capital.