Monday, December 25 2017 14:07
Alexandr Avanesov

In 2018, program of state subsidizing of interest rates for peasant farms will continue in Armenia

In 2018, program of state subsidizing of interest rates for peasant  farms will continue in Armenia

ArmInfo.In 2018, the  program of state subsidizing of interest rates for peasant farms will  continue in Armenia. Deputy Minister of Agriculture Robert Makaryan  stated this at a press conference in Yerevan on December 25.

According to him, until September of last year, the rate on  agricultural loans was 8%, after which by the government decision it  was reduced to 5%, and for residents of socially unsecured  communities of border areas - up to 3%. Also, a 3% rate is set for  agricultural cooperatives. The program involves 5 financial  structures. As of today, 557 million AMD have been provided from the  total amount of 2.5 billion AMD.  The average loan size is 4.47  million AMD. At the moment, the issue of granting new loans amounting  to 1.4 billion drams is under consideration. The size of the loan  under the state program of subsidizing agricultural loans ranges from  3 million to 10 million drams. However, there are limitations in this  issue.  Farmers before the receipt of a loan must pass the stage of  training and retraining, and only after receiving certificates, will  be able to qualify for credit resources. The main goal of the  retraining stage is the ability to make business plans, to learn how  to effectively manage financial resources and agricultural machinery.

According to the Financial Rating of Armenian Banks prepared by  ArmInfo News Agency , the volume of agricultural loans as of October  1, 2017 reached 147.8 billion AMD or $ 309 million with an annual  decline of 4.4%, and only 9 months of 2017 - by 1.9%. The  unchallenged leader in agricultural loans is ACBA- Credit Agricole  Bank, covering 47% of the total volume.

POST A COMMENT
Input digits     


News
iDram
btn

Exchange rates
13.08.2020
RUB6.60-0.04
USD485.170.17
EUR574.153.55
GBP634.701.87
CAD366.751.95
JPY45.410.00
CNY69.880.19
CHF533.042.58



Search by date

Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000