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KazAgroFinance to reduce financing rates (Caspionet)

06.05.2011
KazAgroFinance will reduce the financing rates for agricultural entities through equity from 11.5% to 9% in May.

KazAgroFinance will reduce the financing rate from own funds up to 9% starting from May. The press release further states that interest rates on earlier leasing contracts will also be revised at the discretion of the state-owned company’s board of directors. Generally, the KazAgroFinance funding conditions for farmers are as follows: the interest rate in funding through the national budget amounts to 4% per annum, and 9% if the financing is carried out through own funds.


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