NLB BANK APPROVING SUBSIDIARIES OF AGRICULTURAL PLANS

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From now on, NLB Bank Belgrade approves loans from this year’s subsidy programme of the Ministry of Agriculture and Environmental Protection with a repayment period of up to 12 months for short-term, i.e. up to 60 months for long-term loans and with an interest rate of 1 to 3 percent.

LJUBLJANA, SLOVENIA – MARCH 28: A general view of the NLB Skupina Bank head office on March 28, 2013 in Ljubljana, Slovenia. Slovenia’s one-week-old, centre-left government promised to continue with strict austerity measures to avoid becoming the Euro region’s sixth member to require a bailout. (Photo by Marco Secchi/Getty Images)

Within this programme, loans are available for the development of agriculture, fruit growing, viticulture, vegetables, floriculture and livestock, including the financing of the procurement of animals and fodder, as well as loans for investment in agricultural machinery and equipment. On the occasion of the beginning of granting subsidised loans to farmers, Vlastimir Vuković, a member of the Executive Board of NLB Banka Beograd, said: “In 2016, we granted loans to farmers in the amount of 22 million euros, and already this year we provided as much as 50 million euros to support agricultural farms, which allows us to adequately respond to their needs.”

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