One more bank to given subsidized loans to farmers in Azerbaijan


June 4, Fineko/ One more bank has become authorized on giving of subsidized agricultural loans within the Ministry of Agriculture of Azerbaijan.

The Ministry reports that the State Agency for Rural Projects & Loans and Rabitabank have signed the Protocol of Intentions today.

Earlier, the Agency signed similar protocols with the International Bank of Azerbaijan, Pasha Bank, Kapital Bank, Turanbank, non-bank credit organizations Aqrarkredit, Finoko, and Finans Invest. By the end of the year, it is planned to give loans to farmers for AZN 10 million at interest rate of 7% per annum.