The loan interest rate has significantly decreased versus the rate, which was effective on loans, repaid in the current year, UBR reports.
Under the new loan agreement Oschadbank received the tranche of loan funds from Cargill Financial Services International, Inc for the total amount of almost USD 30 mln, the bank’s press-office reports.
“The funds, attracted for one year, will be allocated for financing the export-import transaction of Oshchadbank clients – manufacturers of agricultural products and for acquisition of production equipment”, the message says.
According to Oschadbank, the loan interest rate has significantly decreased versus the rate, which was effective on loans, repaid in the current year.
According to the Deputy Chairwoman of Oshchadbank Irina Zemtsova, the mutual cooperation between the bank and the company is continuing for several years. This evidences about the trust to the state bank from large private foreign investors, in particular, Cargill even with low credit ratings of the country.
“Oshcadbank will use these funds, first of all, for financing the domestic agricultural sector”, she noted.
