KSG Agro reduced the volume of short-term loans by 46.2% in 2023

KSG Agro agricultural holding has reduced the volume of short-term loans received from 30.09.2022 to 30.09.2023 by 46.2%. This was reported by the press service of the agricultural holding.

KSG Agro has reduced the volume of short-term loans received from 30.09.2022 to 30.09.2023 by 46.2% to USD 1.71 million. As a result, the predominant share in the structure of the agricultural holding's credit liabilities as of 09/30/2023, as in previous periods, was occupied by long-term liabilities, the volume of which remained almost at the same level in the specified period - USD 25.85 mln.

"Optimization of the holding's loan portfolio is one of our most important strategic objectives," comments Sergiy Kasianov, Chairman of the Board of Directors at KSG Agro, "By gradually changing the structure of borrowings towards long-term loans, we solve several problems at once. On the one hand, we reduce the cost of servicing the loan portfolio, as the interest rate on long-term loans is lower. On the other hand, we have more opportunities for planning and development in the medium term. The saved resources are used to invest in new production facilities, pig rejuvenation, opening new sites in different regions, etc."