Q:
A:
Agriculture Minister signs farm lending contracts with nine banks
Belgrade,
9 February 2005
Serbian Minister of Agriculture, Forestry, and Water Management Ivana Dulic-Markovic and representatives of nine banks signed today contracts on crediting this year’s farm production.
Author:
Beta
Dulic-Markovic signed the agreements with Nacionalna Stedionica, Komercijalna Banka, Eksim Banka, Jubanka, Panonska Banka, Novosadska Banka, Vojvodjanska Banka, Kulska Banka, and Hypo Alpe-Adria Bank, in accordance with the Serbian government’s decree on measures to encourage the development of agricultural production.
She told a press conference that 3.5 billion dinars have been provided for short- and long-term loans as well as a further 1.7 billion dinars from the repayment of last year’s loans.
Short-term loans, ranging between 10,000 dinars and 80,000 dinars, will be repaid over 12 months, with annual interest of five percent, according to Dulic-Markovic.
Long-term loans, of €5,000-€200,000, will have a repayment period of five years, annual interest of 2.75 percent, and a grace period of one to three years, Dulic-Markovic explained.
She told a press conference that 3.5 billion dinars have been provided for short- and long-term loans as well as a further 1.7 billion dinars from the repayment of last year’s loans.
Short-term loans, ranging between 10,000 dinars and 80,000 dinars, will be repaid over 12 months, with annual interest of five percent, according to Dulic-Markovic.
Long-term loans, of €5,000-€200,000, will have a repayment period of five years, annual interest of 2.75 percent, and a grace period of one to three years, Dulic-Markovic explained.
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