New Olive Oil Contract Farming Agreement Between Piraeus Bank and “BOTZAKIS S.A.”

Piraeus Bank, in collaboration with “Botzakis S.A.”, has initiated a new Contract Farming Program, intended for Cretan olive producers.

The funding proposal for olive oil Contract Farming is essentially intended to help rationalize the organization and financially support the entire production process, from the producer to product processing and selling by the said company.

“Botzakis S.A.” has an ultramodern, vertically organized production factory in Alagni, Heraklion and is active in the sector of extra virgin Cretan olive oil standardization and trading.

“Botzakis S.A.” exports its products to the European Union and all over the world. Its aim is to promote its exquisite products in the global market, through creative and successful collaborations that will introduce these exquisite products to consumers worldwide. .

Through the specific Piraeus Bank Contract Farming Program, the producer is provided with the required liquidity at highly competitive terms, exactly when he needs such liquidity, while payment of the production agreed to be delivered to the company is guaranteed.

The Program covers the entire crops production and supply chain by supporting, in an organized manner the mutually beneficial collaboration between producers and the company.

This new collaboration attests to the firm will of Piraeus Bank to support and encourage any sound productive effort in the economy sector.

Athens, 4 June 2014