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Aiyl Bank to get 271.7 million soms for agricultural machinery leasing

Aiyl Bank JSC will receive 271.7 million soms of repayable financial resources accumulated in the National Bank of Kyrgyzstan. The corresponding order was signed by the Chairman of the Cabinet of Ministers Akylbek Japarov.

The Ministry of Finance has been instructed to enter into a debt obligation with Aiyl Bank JSC. The bank was recommended to direct financial means received strictly to granting agricultural and water-irrigating machinery, machinery and equipment on lease to agricultural subjects and processing enterprises for up to 7 years at 6 percent per annum in national currency.

At the end of last year, Aiyl Bank was allocated 426.6 million soms to open a credit line for granting agricultural and processing machinery, sprinkler machines and equipment for drip irrigation on lease.

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