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10 months 2019 Russian agricultural Bank issued for seasonal work over 309 billion rubles, which is 11% higher than the results for the same period last year. Of these, more than 80% of loans are furnished at reduced rates. The Bank provided the farmers with more than 102 billion roubles for the purpose of SPR at a rate not exceeding 5% since the beginning of 2019.
during the last years in the field of agriculture, there is a modernization of agricultural machinery, technologies of harvest and tillage. Financial support the Bank helps farmers to improve the technological side of seasonal field work and, consequently, increase yields. Credit funds are directed also to the preparation of logistics: acquisition of spare parts, fertilizers, seeds, agricultural machinery and equipment.
"We understand that timely seasonal work is an important condition for high efficiency of the entire production, support of farmers in this activity is one of the main directions of Rosselkhozbank. Russian agricultural Bank will continue to increase its funding of seasonal work, keeping the market share of lending of SPR not less than 75%. I'm sure that improving the quality of seasonal work and high yield provide a basis of stable development of the industry and strengthen the country's export potential", – said the First Deputy Chairman of JSC "Russian agricultural Bank" Irina Gutkina.
the Bank offers a wide range of credit products for seasonal work. Last year Rosselkhozbank has launched a new credit product "Seasonal Light". Already, more than 1.1 thousand farmers have used them for the purpose of acquiring mineral and organic fertilizers, seed, feed, veterinary drugs and crop protection agents. Under the terms of the product, our customers can obtain trust loans in the amount of 50 million rubles in an expedited manner. On the basis of two documents – credit application and the certificate from the tax authority – you can get a loan up to 5 million rubles. At the credit sum more than 5 million rubles in the Bank additionally provides information about the main assets of the company and planned volumes of activity.
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