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Russian agricultural Bank 31% increased lending seasonal work
As 01.04.2020 the total amount of credit funds, issued by the agricultural Bank for carrying out seasonal works, amounted to 152.5 billion rubles, which is 31% higher than the same period last year. Of these, more than 37% of loans are furnished at reduced rates not higher than 5%.
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"Timely financial support during planting season is an indispensable condition for success. We as a specialized Bank fully understand this and do everything possible to ensure that farmers experienced difficulties with credit resources even in the current epidemiological situation. The agricultural Bank continues to operate its loan funds available to farmers in all regions of our presence. The pace is good, 1 block issued for a third of loan funds compared with the same period of 2019," - said the first Deputy Chairman of JSC "Russian agricultural Bank" Irina Gutkina.

Rosselkhozbank offers a wide range of loan products for seasonal work. For example, for small and micro business, the Bank has developed a credit product "Seasonal Light" for the acquisition of mineral and organic fertilizers, seed, feed, veterinary drugs and crop protection agents. Under the terms of the loan product of up to 5 million rubles, you get only two documents – credit application and the certificate from the tax authority. Targeted loans in excess of 5 million rubles subject to the reduced terms of making lending decisions.

JSC "Rosselhozbank" is the basis of national credit and financial service system of agroindustrial complex of Russia. The Bank was founded in 2000 and today is a key lender to the agriculture of the country, is among the largest and most stable banks in the country in terms of assets and capital, as well as the leaders of a reliability rating of the largest Russian banks.



Translated by service "Yandex.Translation"
Источники: Agro2b
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