Credit Agricole signs agreement with RISOIL group, a strategic participant of international food trade

Credit Agricole has entered into an agreement with the group of agricultural manufacturing companies RISOIL, which operates in particular one of the largest universal export-import terminals for transhipping Ukrainian edible vegetable oils and cereals in the sea trade port "Chornomorsk". Under the partnership, the bank finances the trading activities of RISOIL.

«We are pleased to be a financial partner to RISOIL group and join the ambitious projects of the company that drives international trade forward. That is in line with the raison d’être of Credit Agricole – working every day in the interests of our customers and society! In terms of our partnership, we not only provide financing, but also share the experience and expertise of the bank, which is part of a leading international financial group. We strongly believe that the partnership with RISOIL will boost the development of both companies!» comments Oleksandr Shelest, head of the Medium Corporate & SME Business Department of Credit Agricole Bank.

Risoil group has a large grain and oil storage capacity (up to 250 thousand tons and up to 80 thousand tons, respectively), plays a key role in food exports, and provides its services to leading agricultural producers and processors in Ukraine. The group is also currently building a new double-sided deep-water pier and designing a unique system of transshipment of cargo. This is an important facility for international trade, which will significantly facilitate grain logistics in the Southern region.

«This year, our trading company aimed to increase our volume of trade by 30% as a minimum. That is supported by a significant and for some crops even a record, yield. Given the rising price of agricultural products, more and more working capital is needed. That is why trade financing from our new partners will certainly help us in that regard,” said Dmytro Minov, director of Risoil Ukraine.

Credit Agricole holds leadership position in services to large corporate and international business customers, by meeting customer needs through a wide range of financing solutions, European level of service and in-depth expertise. More details here

About Credit Agricole: 

JSC “Credit Agricole Bank” is a modern universal bank owned by the leading financial group in Europe – Credit Agricole Group (France). The Group is a major partner of the French economy and one of the largest banking groups in Europe. It is a leading retail bank in Europe, having the largest portfolio of assets under management, being first in the field of ban insurance and third - in project financing in Europe. Credit Agricole has been operating in the financial market of Ukraine since 1993 and renders the entire range of banking services to private individuals, including premium-clients, and business. The bank pays special attention to cooperation with agricultural enterprises. Reliability and business reputation of Credit Agricole in Ukraine is confirmed by the highest possible FITCH ratings, leading positions in bank sustainability, bank deposit reliability and bank profitability rankings, as well as by 280 000 active private and 17 000 corporate customers, including international corporations, large Ukrainian companies and representatives of small and medium business. Credit Agricole Bank is a socially responsible bank that confirms its status by the large number of projects implemented under the Corporate Social Responsibility Program “We Care!”. 

Contacts:

Viktoriia Torianyk, Head of PR and internal communications division of Credit Agricole Bank.

E-mail: Viktoriia.TORIANYK@credit-agricole.ua