DEVELOPMENT FUND INDUSTRIES corrected rates on the soft loans

The decision of the Supervisory board of FRP is dictated by substantial increase of a key rate of Central bank Russian Federation (Bank Russia) from 7,5% to 15% in 2023, and also a great demand on the available credits, exceeding the FRP resources, explained in the organization. "New rates on concessional loans the Fund is 3-5 times less than a key rate and still remain one of the most attractive in the market of long-term investment crediting. Besides, the rate is fixed for all term of granting loans by FRP", - note in Fund. Thus made decision will allow to expand support of the projects directed on development new...