Bank Kyiv (Kyiv) has opened three credit lines worth a total of UAH 30 million to Inteco Construction Ltd. (Kyiv), one of the largest construction materials producers, and part of INTECO Holding, according to a posting on the holding's Web site.
Credit lines were opened for a term of 12 to 60 months at a rate of 20% per annum. The company will use credit funds to replenish working capital.
"Our company is actively developing, constantly increasing its production capacity, expanding the chain of offices in regions. Currently the share of Inteco Construction on the market in various regions of Ukraine varies from 20% to 60%. The convincing proof of efficient investment is the constantly growing dynamics of the company’s economic and fiscal indicators," the company’s press service said citing Inteco Construction Director General Kostiantyn Ostashko.
INTECO Holding unites five enterprises operating in the construction sector of Ukraine.
