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17-01-2018 11:11 4829

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The loan portfolio of the program for subsidizing interest rates for agricultural loans makes about 18 billion drams. This is reported by the Information and Public Relations Department of the RA Ministry of Agriculture.

The RA Government Decree No. 53 from 21 December 2017 approved the "Subsidizing interest rates subsidization for agro processing sector for agricultural raw materials (purchases)" under which up to 9% of target loans with a maximum of up to 12% nominal annual interest rate will be subsidized so that the annual interest rate charged by the borrower will be 3%. The loan portfolio of the project makes about 18.0 billion drams, and the maximum loan amount - 1.0 billion drams.

The following banks and credit organizations are taking part in the program:

ACBA-Credit Agricole Bank CJSC, Ameriabank CJSC, Araratbank, Ardshinbank CJSC, Armswissbank CJSC, Inecobank CJSC, Converse Bank CJSC,"Armbusinessbank" CJSC, "Armeconombank" OJSC, "Evocabank" CJSC, "VTB Bank Armenia" CJSC, "Byblos Bank Armenia" CJSC, "Development and Investment Corporation" UCO CJSC (formerly "SME Investments" UCO CJSC) Card AgroCredit "UCO CJSC.

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