Banca Intesa increases volume of agricultural loans by one third
In 2017 Banca Intesa increased the volume of new loans to registered agricultural households by 33.3 percent compared to the previous year, from EUR 35.4 million to 47.2 million at the end of the year.
In addition, the bank increased the number of newly disbursed loans by 18.3 percent, from 8,000 to 9,452 at the end of 2017 and also boosted the number of loan users by 49.4 percent to 11,816, confirming its commitment to providing strong support to agriculture.
As a result of its successful operations, at the end of 2017 Banca Intesa increased its market share in the segment of agriculture by 14.7 percent compared to 11.2 percent at the end of 2016.
The loans for spring sowing range from RSD 100,000 to 5,000,000, have a nominal fixed interest rate of 6.5 percent on an annual basis and a repayment period which has been extended to 18 months. It is possible to adjust the repayment schedule to the seasonal nature of the works and thus service the loan in the form of monthly, quarterly, six-monthly and annual instalments, or at the end of the loan term.
Registered agricultural households can apply for these loans until June 30, 2018, regardless of whether they are Banca Intesa's clients or not.