OREANDA-NEWS. April 30, 2008. The Government of the Russian Federation represented by the Federal Agency on Federal Property Management increased the authorized capital of Russian Agricultural Bank by RUR 2 billion, reported the press-centre of RAB.

This is the first increase of RAB’s capital in 2008. Previously the authorized capital was increased in December 2007. As a result RAB’s authorized capital has reached RUR 29,728 bln.

Authorized capital increase expands RAB’s active operations and will contribute to the implementation of the Federal Program on Agribusiness Development 2008-2012; it will provide additional funds for sustainable development of agricultural lending.