Land Bank is ready to launch

12.02.2013 00:00
Property News | Land Bank is ready to launch State Land Bank, has received all the legislative and legal basis for full activity should begin later this year, the press service of Ministry of Agrarian Policy. The main task of the financial institution will issue medium-and long-term loans to agricultural producers at rates that are half the rates of commercial banks, amounting to about 10%.

To implement a specialized mortgage institution in the agricultural market of Ukraine land bank will transfer the management of agricultural land. They will be the basis for the provision of soft loans to farmers.

Related article: Moratorium on the sale of agricultural land will be removed

Given that, in the current year has begun the process of inventory of agricultural land located in state property, which will be included in the share capital of the Land Bank.

In addition, the new bank will ensure that the state regulation in the sphere of circulation of agricultural land.
Content tags: land
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