New Industrial Peach Contract Farming Agreement between Piraeus Bank and “Prodromos Pavlidis S.A.”

Piraeus Bank, in collaboration with “Prodromos Pavlidis S.A.”, has initiated a new Contract Farming program intended for clingstone peach producers in the Prefectures of Imathia and Pella.

The funding proposal for peach 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.

“Prodromos Pavlidis S.A.” has its facilities in the city of Ioannina and is active in fruit processing and standardization in the Greek and global market and disposes of one of the most modern and well-equipped food processing factories in Europe.

The company invests in new technologies, contributing to the improvement of its products’ production and quality effectiveness, building in this way trust and reliability client relationships.

Through the 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, 11 June 2014