OREANDA-NEWS. June 5, 2012. OJSC Belagroprombank is expanding its flax credit portfolio by 27.6% to Br574 billion (USD 70.257 million at the NBB rate), following resolution #434 adopted by the government of Belarus on May 11, 2012.

The credit funds in loan support for local flax producers are intended to facilitate construction project, equipment upgrade, business development.

Ruble loans will be provided for a 7-year period at the NBB refinancing rate plus a margin of up to 4 percentage points, the interest rate on foreign currency loans is expected to be under 12% per annum.