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Government to provide banks with guarantees for loans issued to settle for plant products

Legislation
17:54 | 04.05.2017 | Business-News

In 2017, the Government will provide the banks with the guarantees for loan debt repayment. These loans are granted to the organizations to settle for plant products grown in Belarus and harvested this year. These products will be supplied for the state demands. The appropriate decision is contained in Resolution No. 311 of the Government dated April 29, 2017.

 

It is referred to the loans granted by Belagroprombank and Belarusbank for up to one year. The government guarantees are paid once in an amount of 0.01% of the loan. The guarantees are provided in currency of the granted credits at the rate of the National Bank as of the loan agreement date.

 

The annex to the decree includes more than 30 organizations, receiving loans to settle for the appropriate products. There are bakeries, sugar mills, several dairy enterprises, Krinitsa JSC and Belsolod, as well as Orsha Linen Mill. The total loans of these companies exceed BYN 482.5 million. The loans of Belagroprombank amount to over BYN 178 million, Belarusbank – to over BYN 304 million.

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