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BCR offers loans with very attractive terms for farmers

Autor: Dragos Serban

Publicat la data de 17 Dec. 2009 in: Stiri

Romanian Commercial Bank (BCR) offers short term loans for farmers, based on a partnership signed with the Agency for Agricultural Payments and Interventions (APIA) and the Fund for Guaranteeing Rural Loans (FGCR), according to a press release by the bank.
"BCR grants short term loans for farmers which are due to receive subsidies from the state budget as part of the surface-based financial support schemes, for the vegetable and stockbreeding sector, as part of the national complimentary disbursements for the stockbreeding sector. Interest rates are extremely attractive, going as low as zero in some cases", said Ramona Ivan, executive manager of the Financial Institutions Department of BCR.

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