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Kazakhstan's KazAgro repays Royal Bank of Scotland's $100mln loan.

KazAgro Holding announced today that it has repaid the loan of The Royal Bank of Scotland PLC in the amount of $100 million on January 27.

The loan was used to finance working capital of the KazAgro for further financing the agroindustrial complex of Kazakhstan and recovering agribusiness entities.

"115 leasing contracts were signed to purchase agricultural machinery, 465 borrowers were funded under "Kasipker" program, 2,800 heads of cattle, 2011.3 tons of meat of cattle, as well as 1 266.7 tons of wool were bought for further processing," said the message.

Timely fulfillment of obligations to international investors once again confirms the financial stability and reliability of JSC "National Holding" KazAgro", which in turn makes holding a reliable business partner for investors.

The Royal Bank of Scotland plc is one of the retail banking subsidiaries of The Royal Bank of Scotland Group plc, and together with NatWest and Ulster Bank, provides banking facilities throughout the UK and Ireland.

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Publication:AKIpress News Agency
Date:Jan 28, 2015
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