“ROSSELKHOZBANK” lowers interest rates for the credits to agricultural producers

news agency "Bashinform"

The administration of JSC “ROSSELKHOZBANK” reached the decision to reduce the interest rates for the credits, given to the legal persons. This decision is made “with the purpose to fulfill the aims on financing the agricultural complex and on the rise of agricultural producers’ financial stability”, the bank’s press-service reports.

It is decided to reduce the interest rates on the short-term credits, given for the term of up to 90 days, from 13-13,5% to 9% of interest per annum; on the 91-180-day credits – from 13,5 to 11% of interest per annum and on 181-day – one-year credits – from 13,75-14% - to 12%.

Besides, the interest rate on the long-term credits, given by “ROSSELKHOZBANK” for acquisition of cubs, financing of the investment projects in sphere of construction, reconstruction and modernization of the cattle-breeding centers and on the credits, given within the frames of the goal-oriented program “Development of pilot family milk cattle-breeding farms in 2009-2011” is reduced by 1%.

#banks #interest rates

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