International Asset Bank

Intentaional Asset Bank AD and State Fund „Agriculture“ Signed a Memorandum of Understanding

2 July 2010

     On June 29th, 2010 at the premises of State Fund „Agriculture" a signing ceremony for the Memorandum of understanding between the State Fund and 22 commercial banks was held. The Memorandum aims to acknowledge the cooperation between the Fund and the banks with respect to the issuance of Certificates of acres in the 2010 direct payments campaign, through which farmers can apply for loans.
     The signed memorandum is a continuation of the current cooperation between International Asset Bank AD and State Fund "Agriculture" and is an expression of mutual willingness to carry out joint activities funding applicants for assistance through schemes and measures of the Common agricultural policy and Common fisheries policy of the European Union.