OREANDA-NEWS. March 17, 2009. Russian Agricultural Bank and AvtoVaz, largest automotive vehicles manufacturer of the Russian Federation, signed Cooperation Agreement with the purpose of financing of automotive vehicles purchase, reported the press-centre of Russian Agricultural Bank.

In the framework of the above mentioned agreement RAB will provide financial resources to the rural population including personal household plots owners, farmers, members of credit consumer and consumer cooperatives for purchase of automotive vehicles manufactured by AvtoVaz.

Implementation of the agreement will become an important social program that will allow borrowers to expand their production facilities, to improve living standards in the rural areas, and to provide conditions for growth of demand for domestic automotive vehicles.