Tatarstan branch of Rosselkhozbank allocated 4 billion roubles for financing of seasonal field work

For the first part of 2016 Tatarstan regional branch of “Rosselkhozbank” allocated over 4 billion roubles for financing of seasonal field work, which is 1.4 times more than it was last year for the corresponding period of time.

Tatarstan branch provided credit support amounted to 460 million roubles for peasant farm enterprises, which is 4.6 times more than it was in the first half of 2015. The finances are allocated for the forthcoming sowing campaign preparation, purchasing of oils and lubricants, seeds and means to protect plants, fertilizers. The bank share in crediting of peasant farm enterprises in the republic is 96%.

“Rosselkhozbank” is an important bank for agricultural producers; it usually carries out active work to increase the accessibility of credits and loans for regional farmers. The branch reached its target to credit seasonal field works. Currently we are financing AIC enterprises for harvesting and yield processing. In total, following the results of the first half of 2016, Tatarstan branch of Rosselkhozbank received 111 applications from agro-industrial companies”, - noted Director at Tatarstan regional branch Lyalya Kudermetova.