Ministry of Agriculture of the Russian Federation included Locko-Bank in the program of concessional lending to agrarians

Locko-Bank was included in the list of authorized credit organizations involved in the implementation of concessional lending to agro-industrial companies. Locko-Bank was recognized as meeting the requirements following the September 6 meeting of the Coordinating Commission of the Ministry of Agriculture.

Program of concessional lending provides concessional financing for agrarians at a rate of no more than 5% per annum. Locko-Bank developed two directions for financing companies of the agro-industrial complex: recurrent (up to 12 months) and investment lending (up to 5 years). The main requirements for borrowers: industry affiliation, work experience, positive credit history.