OREANDA-NEWS. April 30, 2009. Chairman of the Management Board and CEO of Russian Agricultural Bank Yuri V. Trushin and Governor of the Voronezh Region Alexei V. Gordeev signed Cooperation Agreement on Implementation of the Federal Program on Agribusiness Development 2008-2012, reported the press-centre of Russian Agricultural Bank.

In the framework of the Cooperation Agreement the Parties will ensure credit availability for the development of animal breeding, SMEs and housing construction in rural areas and will contribute to the land mortgage system development and social support of the rural population.

As specified in the Agreement, RAB and the Voronezh Region administration will work together to establish and further expand production facilities for agriproduct processing. Besides, the Cooperation Agreement provides for modernization and development of procuring and supply-sale consumer cooperatives, as well as consumer cooperatives on agriproduct primary processing.

In the course of the Agreement implementation RAB will annually increase agribusiness lending of Voronezh Region. By YE2009 RAB will increase loan portfolio of Voronezh Region to RUR 16 billion.