Yuriy Voevoda, director of the investment business department of Pivdenny Joint Stock Bank, emphasizes the inevitable process of Ukraine’s integration with the EU through the development of Ukrainian business in Europe.
Europe as a strategic trading partner
Currently, EU countries have become Ukraine’s largest trade partners, as confirmed by financial analysts. Over the past year, the share of exports to Europe has increased from 40% to 63%, which shows not only the efficiency of Ukrainian business, but also its ability to adapt to the challenges associated with Russian aggression.
Financial analysts note that the Ukrainian business has proven itself as a powerful and independent player, capable of working hard and stable even in war conditions. Today, the main task for Ukrainian businessmen is strengthening relations and active development in the European market.
Economic bridges in action: Pivdenny West bridge programme
To accelerate the process of Ukrainian business integration in Europe, Pivdenny Bank, together with Latvian Regionala Investiciju Banka (RIB), is implementing the Pivdenny West bridge program. This initiative contributes to the active construction of strong economic relations between Ukraine and Europe.
Over the past year, thanks to the program, Pivdenny Bank, whose owners are Mark Becker and Yuri Rodin, has successfully financed a number of significant projects, including the acquisition of an industrial complex in Romania by the Ukrainian manufacturer Biosphere. It also includes the provision of a line of credit for the European division of DTEK for the purpose of trading energy resources and the purchase of a new ferry for the international shipping group Ukrferry.
These achievements demonstrate the important role of the program in stimulating mutually beneficial cooperation between the Ukrainian and European markets.
The process of bringing an initiative to life
As part of the West bridge program, Pivdenny Bank reviews and evaluates the business in Ukraine, including the client’s current performance and its development strategies. An important stage is the preliminary analysis of the investment plans of an entrepreneur in Europe. The obtained data is integrated into a business perimeter, which measures it.
If a new concept looks attractive from a financial point of view, the manager of Pivdenny Bank develops the project and transfers it to a group of RIB specialists for analysis and processing. They study the given documents in detail, considering them as parts of the loan project.
This process includes legal review, collateral assessment, and compliance procedures for all parties and participants. In the final stage, taking into account EU requirements, the team makes the final decision on granting funding. The entire process complies with regulations and standards, providing a high level of confidence in the decisions made.
West Bridge Loan Program: Benefits and Opportunities
Pivdenny Bank, thanks to its unique West Bridge program, gives Ukrainian businesses the opportunity to attract financing for the development of projects in Eastern European countries, such as Poland, Lithuania, Latvia, Estonia and Slovakia .
Program benefits include:
• limit per company up to 7 million €;
• maximum loan term up to 15 years;
• effective rate from 5% per year.
We invite you to familiarize yourself with the details of the program on the Pivdenny Bank website.
History of Pivdenny Bank
Pivdenny is one of the main participants in the development of Ukrainian business in Europe. Founded in 1993, it strives to create a sustainable economic bridge between Ukraine and the countries of the European Union. Its owners Mark Becker and Yuri Rodin – Pivdenny Bank offers unique products for representatives of medium and large businesses, helping them not only survive in war conditions, but also measure their activities, develop new markets and achieve success in both Ukraine and EU countries. It is very important both directly for entrepreneurs and for the Ukrainian economy.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.