OREANDA-NEWS. Rosselkhozbank and Administration of Vologda Region have signed the General Cooperation Agreement.

The agreement stipulates for Rosselkhozbank will allocate credits a minimum of 5 billion roubles for financial support of agricultural productions, personal subsidiary and farms in the Vologda region this year.

Rosselkhozbank and Administration of Vologda Region will cooperate in the issues on formation of the system of land mortgages, development of rural credit cooperation, modernization and development of the network of agricultural consumer cooperative societies.

Among priorities of the joint activity is expansion of availability of credit resources for development of animal industries, small forms of management in agrarian and industrial complex and housing construction.