RAB Implements Federal Program on Agribusiness Development
OREANDA-NEWS. May 07, 2009. Russian Agricultural Bank is one of the main financial institutions ensuring implementation of the Federal Program on Agribusiness Development 2008-2012, reported the press-centre of Russian Agricultural Bank.
From the initiation of the Federal Program Russian Agricultural Bank has extended over 190 thousand loans to the total amount over RUR 350 billion.
First quarter 2009 financial results demonstrated RUR 40.3 billion loan portfolio growth. As a result loan portfolio reached RUR 506 billion as compared to RUR 467 billion as of YE2008. For the spring season works RAB has extended RUR 43 billion, for agricultural machinery purchase – RUR 3 billion.
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