Agroinvestbank Reported on Its Cotton Farms Financing
OREANDA-NEWS. January 26, 2009. The meeting of the deputy of the Board Chairman OJSC “Agroinvestbank”, Saidmurodov I. H. with the international adviser under the decision of cotton growing farms debts problems of Republic Tajikistan, Mr. Tapio Saavalainen, has taken place, reported the press-centre of Agroinvestbank.
During the meeting, Saidmurodov I. H. told to visitor about bank financing to the cotton sector in country. Especially, he noted that in 2008 for development cotton sector in republic, OJSC “Agroinvestbank” has financed in volume 95 million somoni to the separate cotton growing farms of the country.
Having mentioned a question of timely return credits from the cotton farms and the qualities portfolio of agricultural credits and also have been discussed the mechanisms of establishing close mutual relations between local authorities organs and commercial banks, on issues of acceptance of possible risks, division of a joint liability for quality and volume of a crop, it’s duly realization and as consequences reception of proceeds for the brought up crop of cotton farms and credits repayment.
Having listened to the offer of the deputy, international adviser Mr. Tapio Naavalainen has told that, he will closely study them and then during his second visit to country, which will be on March of the current year, he’ll present it as an offer to the government of the country.
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