New Cotton Contract Farming Agreement between Piraeus Bank and “Karageorgou Bros SA”.

Piraeus Bank, in collaboration with “Karageorgou Bros S.A.” has initiated a new Contract Farming program intended for cotton producers in the Prefectures of Thessaloniki and Imathia.

The funding proposal for cotton 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 company. 

“Karageorgou Bros S.A.” isactiveincottonginners, cottonseed oil and cotton cake and is seated in Thessaloniki.  

The company’s production activity includes industrial ginners units in all main cotton cultivation places.

“Karageorgou Bros S.A.” gets the cotton seed from the growers-farmers, which it processes and produces ginned cotton in bundles, which constitutes the raw material for textile industries.

The company has a modern, fully equipped state of the artmechanical equipment, and therefore the final product is of top quality.

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, 29 July 2014