News Column

KazAgro announces launch of program of funding second tier banks

July 1, 2014

KazAgro national holding has announced the start of the development program of funding the second-tier banks, private leasing companies, credit unions and micro-finance institutions for on-lending subjects of agriculture in priority areas, the press service of the holding reported July 1.

"The appeal for STB interest in participating in the funding and determining some of its parameters development was sent to the Association of Financiers of Kazakhstan and the second-tier banks," the press release reads.

The program is held under the Agribusiness - 2020 program for the development of agriculture of Kazakhstan in 2013 - 2020 and the adoption of the Rules of subsidizing interest rates on loans and leases of technological equipment and agricultural machinery (Government Decree of April 29, 2014 number 420).

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Source: AKIpress News Agency (Kyrgyz Republic)

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