OREANDA-NEWS. March 31, 2009. The Federation Council Committee on Agribusiness, Food Policy and Fisheries during its meeting approved the Bank’s YE2008 results and its contribution to the implementation of the Federal Program on Agribusiness Development 2008-2012.

In 2008, RAB working assets climbed 70% to RUR 762 billion, reported the press-centre of Russian Agricultural Bank.

The Bank’s capital has grown by 2.3 times to reach RUR 112 billion. As of January 1, 2009 RAB loan portfolio amounted to RUR 466 billion. During 2008 the Bank extended loans to the total amount of RUR 334 billion.

Russian Agricultural Bank will further provide large-scale credit and financial support to the national agribusiness and rural population. It is planned to extend loans to the total amount of RUR 411 billion in 2009. At present special focus is given to financing of seasonal field works. RAB plans to extend about RUR 100 billion for this purpose.