OREANDA-NEWS. October 19, 2009. ОАО SOLLERS and ОАО Rosselkhozbank signed a cooperation agreement to develop credit plans for rural population and agricultural producers to enable them purchasing automotive equipment manufactured by SOLLERS. The agreement was signed by CEO of OAO SOLLERS Vadim Shvetsov, Chairman of the Board of OAO ROSSELKHOZBANK Yury Trushin and Governor of Ulianovsk Region Sergei Morozov in the framework of the 8th International Investment Forum Sochi-2009. According to the terms of the plan established by the agreement, rural population, agricultural companies and cooperatives will be able to obtain loans for the term of 5 years for purchasing vehicles of SOLLERS’ product range with minimum advance payment of 5%. The subsidized annual actual interest rate for customers will be between 0 and 3.8% in rubles. Thus this plan seems to be the most favorable proposal on the motor credit market by its terms.

The implementation of a pilot program launched by OAO SOLLERS, Posselkhozbank and the Administration of Ulianovsk Region on the territory of the region has shown that bonus loans for automotive equipment are in great demand among the rural population. Signing a cooperation agreement between OAO SOLLERS and Rosselkhozbank will allow disseminating the successful experience of Ulianovsk Region in all regions of Russia.

According to CEO of OAO SOLLERS Vadim Shevtsov, agricultural producers have traditionally been among the key consumers of commercial vehicles manufactured by SOLLERS. “Beside well-known and highly demanded in rural regions products of Ulianovsk automobile factory today we can also offer special versions of such commercial vehicles as Fiat Ducato and ISUZU adapted for the needs of agricultural producers. Due to the joint program with Rosselkhozbank of Russia our vehicles will be supplemented by favorable loan terms and will become even more accessible for rural population”, Vadim Shvetsov noted.