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