In 2003 crediting of agricultural producers by Bank CenterCredit grew three times to KZT9.6 bn.
10.03.04 19:19
/Kazakhstan today, 10.03.04/ - Bank CenterCredit OJSC extends its
participation in the program of agriculture support. As KZ-today has been
informed in the bank's press-service, in 2003 agricultural producers crediting
increased three times to KZT9.6 bn.
In the bank's loan portfolio credits given to agriculture equaled to 18%. The
indicator exceeded the level of 2002 by KZT6.3 bn. Bank's loan portfolio in
total credit investing into the country's agriculture is equal to 8% that is
more two times than volumes of 2002.
The bank gave KZT1.3 bn. from total sum for small and medium business
subjects specializing in agriculture.
Last year grain receipts were used as the pawn instrument for crediting.
Thus, the bank has given a loan to VITA LLP for $3 m. against grain receipts.
Besides, Bank CenterCredit uses funds of the program borrowing of Asian
Development Bank for giving credits to agricultural production manufacturers.
Besides, since November of 2002, within the framework of realization of the
first tranche of the credit line of the World Bank, Bank CenterCredit financed
agricultural projects for more than $1.1 m.
Bank CenterCredit OJSC is an active participant of the program
"Postprivatization support of agriculture", which is realized by the ministry
of agriculture and the World Bank. Within the framework of its first phase Bank
CenterCredit invested more than KZT498 m., which were a quarter of total
volume of corresponding credit line. In 2005 the bank intends to take an
active part in the working out of the next tranche given by the World Bank. In
2003 there were financed 12 companies for a total of $1.6 m. within the
framework of this program.
[2004-03-10]