OREANDA-NEWS. On December 19, 2008 a meeting of the Supervisory Board of Russian Agricultural Bank under the direction of First Deputy Prime-Minister of the Russian Federation and Chairman of the Supervisory Board of Russian Agricultural Bank Victor A. Zubkov was held, reported the press-centre of Russian Agricultural Bank.

On the meeting members of the Supervisory Board discussed RAB performance given the current financial market crisis.

Target operating results of RAB for 2009 were also discussed. In the next year RAB plans to extend to agribusiness ca. RUR 411 billion. Priority lending directions are financing of grain purchase and commodity interventions — part of the grain price stabilization program of the State, financing of animal breeding farms, which received RAB loans formerly, sowing and harvest work and purchase of agribusiness equipment and machinery financing. Loan portfolio growth is planed at the level of 30% as at January 1, 2010.