14 February 2011, Monday, 16:36

“ROSSELKHOZBANK” intends to enlarge volumes of credit resources in Bashkiria

author: Rasul Hamidullin

The President RB Rustem Khamitov held a work meeting with the President of JSC “ROSSELKHOZBANK” Dmitry Patrushev and the cooperation agreement between the Republic and the bank was signed in the course of this meeting.

“We need cheap and long-term credits” – Rustem Khamitov said after the gathering.

As M-r Patrushev said, the bank intends to make the crediting in Bashkiria more flexible and enlarge the volumes of its credit resources in the Republic.

“At present time our credit portfolio is about 12 billion rubles” – he reported – “And I hope by the end of the year it will be increased two times”.

The President of JSC “ROSSELKHOZBANK” paid special attention to the forthcoming spring field works in the Republic.

“We are ready to provide Bashkir agriculture with profitable credits and we made the procedure of credit giving less intricate. Besides, we lowered our interest rates to 9-11%. We are going to continue our activity on crediting local agrarians”.

JSC “ROSSELKHOZBANK” is considered one of the biggest Russian banks and takes the lead among creditors of the Russia agricultural complex, possessing the second sub-division network in the country. The bank has dozens of credit programs in its arsenal: the bank actively credits cattle-breeding, plant vegetation and acquisition of the agricultural machinery on the security. Besides, the bank renders active assistance to development of the small agrarian business to the owners of private auxiliary farmings.