Oschadbank and GEA Ukraine offer businesses preferential lending for dairy farming equipment

Oschadbank, one of the largest state-owned banks in Ukraine, and GEA Ukraine, a subsidiary of the international technology group GEA Group, have signed a cooperation agreement on preferential lending to businesses for the purchase of high-tech equipment for dairy farming.

This agreement will help Ukrainian farmers gain access to GEA's modern technological solutions on favorable financial terms.

As part of the agreement, Oschadbank offers special financing terms for the purchase of GEA equipment:

• interest rate - from 0.01% per annum;
• fixed rate in UAH during the loan period;
• loan term - up to 10 years;
• grace period - the possibility of deferring repayment of the principal amount of the loan for up to 12 months;
• down payment - from 20% of the cost of the equipment;
• repayment schedule - monthly in equal installments;
• no disbursement fee;
• collateral - purchased equipment without its notarization;
• simplified registration procedure;
• accelerated review of applications and personal support by regional representatives of both partners;
• the possibility of participating in government programs to compensate part of the cost of equipment.

“This agreement opens up new opportunities for Ukrainian companies seeking to increase the efficiency of their own production, in particular livestock farming, ensure high quality products, reduce resource consumption and reduce the negative impact on the environment. Favorable lending terms will help businesses implement innovative technologies from a reliable international manufacturer,” said Natalia Butkova-Vitvitska, Oschadbank Management Board Member in charge of MSMEs.

“Cooperation between GEA and Oschadbank is a unique opportunity for Ukrainian farmers. Owing to this program, farms can make significant modernization or move to a new level of mechanized or automated milking thanks to the most advanced technologies from GEA. This financial instrument is offered for the first time in the Ukrainian market - without unnecessary bureaucracy, burdensome collateral and hidden fees, the farmer receives affordable finance for business development - in UAH, with a fixed rate. I am confident that many farms will take advantage of this opportunity, and Ukrainian livestock farming will receive an additional incentive for modernization and growth!” commented Yaroslav Nitsak, CEO of GEA UKRAINE LLC.

It is worth noting that GEA technology offers comprehensive solutions for efficient milk production of the highest quality and animal husbandry, such as automated milking and feeding systems, traditional milking systems, and digital herd management tools. GEA's manure recycling solutions enable efficient collection, storage and processing of manure, taking full advantage of this valuable resource. All of these solutions are backed by full service support throughout the entire life cycle.

A quarter of all cows in Ukraine are milked with GEA equipment. The number of installed milking parlors of the carousel type manufactured by them is higher than the total number of similar equipment from all other manufacturers combined.

For more information on the terms of the loan, please contact Oschadbank branches or GEA Ukraine's official representative offices.

_{About GEA}

_{GEA is one of the world's largest suppliers of systems and components for the food, beverage and pharmaceutical industries. Founded in 1881, the international technology group specializes in equipment and production lines, as well as the supply of engineering solutions, components and services. The company's sales in 2024 amounted to 5.373 billion euros. GEA has more than 18,700 employees worldwide and has been present in Ukraine for over 25 years, with offices in Kyiv and Bila Tserkva and a staff of more than 50 employees.}