Converse Bank launches financing of agricultural machinery leasing in v

Converse Bank has started leasing of agricultural machinery within the framework of cooperation with the Artsakh Republic (AR) Rural and Agricultural Support Fund.

The Bank offers agricultural machinery leasing for up to 6 years and at an annual rate of 13%. 70% of the interest will be subsidied by the Rural and Agricultural Support Fund.

It is also mentioned that the minimum amount of under the leasing is 30%, 10 of which is to be paid by the Fund and 20 are subsidied by lessee.

No valuation of agricultural machinery is required. The value specified in the document / reference given to the customer by the Seller is taken as the basis.

Leasing payments schedule is fixed quarterly.