OREANDA-NEWS. Sberbank of Russia and Sberbank Leasing CJSC has participated in the events of Russian agricultural exhibition "Golden Autumn", which is timed to celebrate the Agriculture and Processing Industry Worked Day.

Andrey Sharov, Vice-President and Head of Sberbank's Small Business Development Division, took part in the panel discussion of the 2nd International Investment Forum: "The CIS Agrifood Market: Investment, and Prospects."

"Today Sberbank is actively working with all areas of the agriculture sector; our loan portfolio for this sector exceeds RUB 680 bln. We know who our client is and that is why we offer non-standard solutions for collateral, deferred payments, beneficial lending terms for project finance-based investment projects, and special conditions for financing that include reduced interest rates and comprehensive proposals," said Andrey Sharov.

"We are building cooperation with friendly nations, in particular, we have a joint programme with the Republic of Belarus that allows our clients to purchase agricultural equipment and machinery under favourable terms at a reduced interest rate because part of the rate is compensated to the amount of the refinancing rate, which is currently 8.5% per annum," commented the Vice-President of Sberbank.

Andrey Sharov also announced that in the next few days the bank plans to launch a set of offers for agricultural producers.