National managing holding KazAgro develops funding program

01.07.14 15:20
/KASE, July 1, 14/ – National managing holding "KazAgro" JSC (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following information statement of July 1, 2014: quote Holding KazAgro announces starting developing a program of funding second-tier banks, private leasing companies, credit associations and micro-finance organizations for the follow-up provision of loans to enterprises of the agricultural complex along priority business lines. The funding program is carried out under the approved program for development of the agricultural complex in Kazakhstan for 2013 – 2020 "Agrobusiness – 2020" and adopting the Rules for subsidizing interest rates on loans, as well as leasing on technological equipment and agricultural machinery (government resolution No. 420 of April 29, 2014) for purposes of affordability of funds for agricultural producers. unquote The said statement is available on KASE website at: - http://www.kase.kz/files/emitters/KZAG/kzag_reliz_010714_kz.pdf – in Kazakh; - http://www.kase.kz/files/emitters/KZAG/kzag_reliz_010714.pdf – in Russian. [2014-07-01]