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NIBULON and CREDITWEST BANK signed restructuring of loan agreement

13.09.2023
NIBULON and CREDITWEST BANK signed restructuring of loan agreement

This week, NIBULON and CREDITWEST BANK signed a restructuring of the terms of the loan agreement. In accordance with the agreements reached, the term of the loan agreement was extended for 6 years.

 

CREDITWEST BANK, which belongs to the Turkish financial group Altınbaş Holding A.Ş., is one of the first banks with foreign capital in NIBULON's loan portfolio to sign the restructuring of the company's financial obligations.

 

NIBULON and CREDITWEST BANK have been cooperating since 2016, including within the framework of the joint project of Ukraine and the European Investment Bank "Loans for SMEs and Mid-Caps". Therefore, the assistance of our long-standing partner in times of war is extremely valuable to us. CREDITWEST BANK's decision to restructure is an example of effective support from the international financial community aimed at ensuring the vital activity of the Ukrainian economy and Ukraine as a whole," comments Iryna Levkivska, CFO of NIBULON.