Sense Bank increases financing for AgroVista as company targets 500,000 tons in annual turnover

AgroVista and Sense Bank have increased the company’s trade finance limit to $4 million, AgroVista’s Chief Financial Officer, Pavlo Fesiuk, reported on LinkedIn.

He noted that, given the results of the first half of the season, rising prices, and market volatility, the group attracted additional financing to support procurement volumes. This move is part of a long-term strategy to develop the trading business and support elevator infrastructure.

“Our goal is to form stable grain batches based on our own logistics chains, from producers to processing companies in the domestic market and for export. The objective is to increase the group’s annual turnover to 500,000 tons, boost throughput at elevators, and ensure utilization of our own logistics assets,” the statement said.

Fesiuk added that in recent years AgroVista has made significant efforts to expand trade limits with its key banking partners. In total, trade finance limits have been increased by more than $12 million in cooperation with Sense Bank, FUIB, and Bank Pivdennyi.