Crédit Agricole signs an agreement with EFSE to support agribusiness in Ukraine

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It was at the end of 2021 that Crédit Agricole signed the agreement with the European Fund for South Eastern Europe (EFSE) under which the bank will receive 20.0 million euros with the aim of serving producers. Ukrainian farmers and farmers. The investment will enable local currency financing for longer-term maturities and thus contribute to the recovery of business and the economy in Ukraine in the context of the still ongoing global pandemic.

Under the terms and conditions of the agreement, Crédit Agricole agriclients can obtain financing at constant interest rates and obtain technical assistance in the development of progressive agronomic techniques and technologies.

“By joining our efforts, we will support agribusiness in Ukraine and medium-term financing in local currency will become more accessible to our customers. This increases the ability of agribusiness to invest in the modernization of its technologies and its equipment. We are happy and honored to be associated with the EFSE and together create the conditions of financing available for the development of agri-food companies” declared Alexandre Tchesnakoff, Business and Agri-Agro Director at Banque Crédit Agricole.

As a key provider of financial services to the agricultural sector in Ukraine, Crédit Agricole Bank stands out as a dedicated financier with strong in-house expertise, providing tailor-made services and solutions across the entire agricultural value chain. The investment is expected to facilitate over 3,000 sub-loans and support approximately 9,000 jobs.

“We are delighted with this new partnership with Crédit Agricole Bank. Partnerships with like-minded institutions, such as Crédit Agricole Bank, are essential in helping EFSE pursue its mission of expanding access to sustainable finance for local businesses, and in this case, in particular for agriculture. By facilitating local currency loans, we are investing together in the stability and long-term viability of agricultural enterprises, which are one of the main drivers of the economy. Ukrainian economy,” said Klaus Müller, Chairman of the Board of EFSE.

Thanks to this investment, Crédit Agricole Bank should contribute to the achievement of the sustainable development objectives: SDG 2 (Zero Hunger), SDG 8 (Economic growth) and SDG 9 (Industrial innovation and infrastructure).

To obtain financing at constant interest rates, the client must contact his personal manager at Crédit Agricole. Ask the bank’s contact center by telephone on 0 800 30 5555.

About EFSE

An impact investment fund established in 2005, the European Fund for South Eastern Europe (EFSE) aims to foster economic development and prosperity in South Eastern Europe and the Eastern Neighborhood region by investing in the success of micro and small enterprises as well as in improving the living conditions of individuals. households. As access to financial services is key to the development of this segment, EFSE is committed to helping local financial sectors build their capacity to provide responsible financing to this target group. Alongside its investment activities through local partners, EFSE multiplies its impact through the EFSE Development Facility, which provides technical assistance, training and other non-financial support to entrepreneurs and institutions.

EFSE was launched by the KfW Development Bank with financial support from the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Commission. As the first public-private partnership of its kind, EFSE draws its capital from donor agencies, international financial institutions and private institutional investors.

Finance in Motion GmbH, Germany, acts as advisor to EFSE and Hauck & Aufhäuser Fund Services SA, Luxembourg, acts as manager.

For more information on the European Fund for South Eastern Europe, please see: www.efse.lu
For more information on Finance in Motion, please visit:
www.finance-in-motion.com

contacts:

Merle Roemer, Manager, Marketing and Communications
Email: [email protected]
Telephone: +49 (0)69 271 035-470

About Crédit Agricole:

JSC “Credit Agricole Bank” is a modern universal bank that offers the full range of banking services, is the leader in car credit and the strategic partner of agro-industry. The bank is internationally owned Crédit Agricole Group (France), the European leader in bancassurance and asset management, and the No. 1 bank according to Euromoney. The reliability and commercial reputation of Crédit Agricole Ukraine is confirmed by the leading positions in the ratings of bank resilience, reliability of bank deposits and the most profitable banks, as well as by 264,000 active private customers and more than 31,000 customers professionals, including 1,160 multinationals. and large enterprises, 1,580 medium-sized enterprise customers and more than 28,480 SMEs and entrepreneurs. According to the NBU, the bank is in the TOP-10 of the market by the amount of assets.

Crédit Agricole is also a socially responsible bank. Since 2016, the bank has been running an extensive corporate social responsibility program “We do not care !”which includes 4 major areas such as charity, eco-initiatives, volunteering and caring for employees.

contacts:

Viktoriia Torianyk, head of the brand and communication department of Credit Agricole Bank.

E-mail: [email protected]

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