Farm Credit System

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Related to Agricultural Credit Bank: Farm Credit Administration

Farm Credit System

The oldest government-sponsored enterprise (GSE) (www.farmcreditffcb.com) in the country, created in 1916. It is a nationwide network of borrower-owned lending institutions and affiliated service entities that makes loans to agricultural and rural borrowers.The members do not take deposits.The funds for loans are obtained through the issuance of Farm Credit debt securities on a worldwide basis in the domestic and global capital markets.

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According to reports, the building of Sa'daa Agricultural Credit Bank was severely hit by the kingdom's bombers on Wednesday.
103) appointed Monasr Saleh al-Qu'aiti as a Board Chairman of the Cooperative and Agricultural Credit Bank (CAC Bank).
Ismail pointed out that local companies also refused to buy cotton from farmers because they are aware that they will not be able to sell it, adding that the government had ordered the Development and Agricultural Credit Bank to allocate LE 300 million to public sector companies to purchase the produce.
Ammar Al-Hammadi, an employee in the International Relations department at the Cooperative and Agricultural Credit Bank (CAC Bank) said the is very optimistic about the decision to appoint a new Board Chairman for the CAC Bank.

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