Metinvest-SMC is launching a program to grant metal buyers the right for deferred payment for 3 months.
Lately banks have almost entirely stopped providing companies with loans.
“In early 2020 the situation began to change, the National Bank is gradually decreasing the discount rate, and the devaluation expectations of banks have dropped, so they are returning to the market”, the company CEO Igor Tonev declared.
Metinvest is cooperating with three banks – PUMB, Alfa-Bank and TAS – on the factoring program.
“We already have 5 clients”, he added.
Metinvest-SMC CEO is sure this initiative will help metal structure manufacturers reach export markets. (Ukrainian metal)