Bagrícola recover 80% of loans to the campo

The administrator of the agricultural Bank, Collado Abreu Paíno, reported that this institution has recovered about 80% of loans granted to the agricultural producers, despite the warning that many of these could not honour their commitments to credit losses that have been facing the subsectors meat, dairy, banana and rice.

"The recovery of the Bank has been in a normal order has been around 80% in loans that we attach, even with situations like that is happening with the rice we can say that the recovery is normal in the Bank", said the official after indicate that he would not bad that Congress approves the law on rent.

Of the current rice crop, still, producers must around RD$ 1,600 million to the agricultural Bank in concept of financing, which will prevent that the Bank can not grant new loans to this u000asubsector pending not retrieve those resources which will give greater liquidity to meet the demand for the next planting.

Said that the country's agricultural sector has been enjoying a quite ample production in agricultural terms, which has allowed to bring tranquility to the people in the area of food.

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INTEGRAN new DIERECTORIO Executive
BAGRÍCOLA
Paíno Abreu unveiled the new members of the Executive Board of that institution during a ceremony held at the agricultural bank where outlined the scope and the impact of the rules of procedure to govern the Agency operations banking.

The new Executive Board which will have among its responsibilities, take the credit policy of the institution, was integrated by Decree 668-11 and Collado Abreu, who shall preside, César Guerrero, Arnaldo Gómez Vásquez, Angel Estevez Bourdier, Leonardo u000aLeon Lora, Frank Tejada Cabrera and Begoña beating.

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