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 Financing of remuneration rates on borrowers' credits

Within the program on financing of remuneration rates of credits as well as leasing of technological equipment and agricultural machinery by the Agriculture financial support Fund per 9 months of the current year 122 loans of APK subjects financing are approved, the principal amount debt on which is 495.3 mln.KZT. the volume of subsidiaries for the year 2015 is 73.3 mln.KZT. 

From that number the financed credits are for:

-   Purchase of fixed assets and construction – 106 loan agreements (the subsidiaries volume is 69.7 mln.KZT);

-  The circulating funds replenishment – 15 loan agreements (the subsidiaries volume is 2.7 mln.KZT);

-  Construction – 1 loan agreement (the subsidiary volume is 814 thsd.KZT).

Remind you that interest rates subsidizing on loans, and leasing of agricultural machinery and technological equipment is carried out within the framework of the Act of Republic of Kazakhstan "On state regulation of development of agriculture and rural areas" and is aimed at improving access to financial services for the subjects of agro-industrial complex.

Subsidizing is performed under credit agreements with a fixed nominal rate of remuneration of not more than 14% per annum in KZT and not more than 10% per annum in foreign currency.

Astana, October 07, 2015