OREANDA-NEWS. On April 23, 2009 Russian Agricultural Bank and GAZ Group signed Cooperation Agreement with the purpose of financing of purchase of machinery manufactured by GAZ Group, reported the press-centre of Russian Agricultural Bank.

In the framework of the above mentioned Agreement RAB will extend loans to agricultural enterprises and rural population for purchase of automotive vehicles and tractors manufactured by GAZ Group. Such loans will be available for rural residents, personal household plots owners, farmers, members of agricultural credit consumer and consumer cooperatives.

The cooperation between RAB and GAZ Group will ensure beneficial lending conditions for purchase of various vehicles in the GAZ product range, including cars, road construction machinery, trucks and buses.

Implementation of the Agreement will become an important social program that will allow borrowers to expand their production facilities, to improve living standards in the rural areas, and to provide conditions for growth of demand for domestic automotive vehicles.