Kiev bank intends to sue with the Creative  of the $ 15 million debt

Kiev bank intends to sue with the Creative of the $ 15 million debt

22.02.2016 News

Kiev bank intends to sue with the Creative  of the $ 15 million debtKyiv bank “Piraeus Bank ICB” asks the Commercial Court of Kirovograd region to recover from the “Creative”company, which entering into the “Creative Group”, $ 15,629,000 of the loan debt,  – reports the “ProAgro”.

This is stated in the bench ruling of the court from January 27, 2016.

“Piraeus Bank ICB” filed a lawsuit to recover from the “Creative” $ 15.629 million (333.215 million UAH) of the loan debt agreement dated October  27, 2011″ – referred in the message.

The Agroindustrial “Creative Group” is  an integrated company specializing in the processing of agricultural products, production of feed products for livestock and poultry, food and biofuel production. The company has 9 factories, crop farms and livestock complex.

“Creative Group” is in the TOP-3 of Ukrainian processors of sunflower seeds and it is the second largest exporter of sunflower oil in the Ukrainian market.

The “Piraeus Bank” in Ukraine is a part of the international banking Piraeus Bank Group. Its main office is situated in Athens, Greece. The company is counting more than 22 thousand employees in 10 countries where the Piraeus Bank Group offers a full range of financial services and services to  7 million customers. Total assets of the Group amounted to EUR 88.5 billion, credit portfolio is 58.7 billion euros, while customer deposits reached € 54.4 billion (as at 30 June 2014).

Today, the “Piraeus Bank” is the second largest bank in Greece with a market share of 30% in terms of loans and 29% in terms of deposits.

In Ukraine the Piraeus Bank Group started its activities in September 2007 after the acquisition of the International Commercial Bank (ICB).  The “Piraeus Bank ICB” JSC is a legal successor of the “International Commercial Bank.”

Source: latifundist.com

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