The FINANCIAL — VTB Bank (Georgia) in the framework of the project of Privileged Agro Loan issued loans in amount of 31.5 million GEL. VTB Bank (Georgia) participates in all the three components of agro loan.
The largest volume of the loans is issued in the second component and makes 14.5million GEL. The indicated component is aimed for financing of working and fixed assets of agricultural purpose. The rate does not exceed 8%.
In the third component the volume of the issued loans makes 4.6million USD. In the framework of this component the investment components are issued in order to establish new agricultural enterprises. The interest rate is at most 3%.
The fifth component considers financing of Rtveli and in the framework of the indicated component VTB Bank (Georgia) has issued loans in amount of 9.5 million GEL with the rate does not exceeding 6%.
"We consider participation of the bank in the project of Agro Loans as quite successful. VTB Bank (Georgia) from the very first day is actively involved into the program, and in the first place we supposed to invest 25 million GEL, though the volume of the loans issued by VTB Bank (Georgia) to the date exceeded the bywith more than 6 million GEL, and that underlines significance and success of the project," said Valerian Gabunia, Director of Retail Business.
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