OREANDA-NEWS. On July 24, 2009 Chairman of the Board and CEO of Russian Agricultural Bank Yuri V. Trushin participated in the Council on Timber Industry Development meeting headed by First Deputy Prime Minister of the Russian Federation Victor A. Zubkov, reported the press-centre of Russian Agricultural Bank.

Russian Agricultural Bank loan portfolio in timber industry amounted to RUR 1.7 billion as of July 1, 2009. Loans are extended for purchase of timber cutting and procurement of machinery, wood-working and timber-processing equipment and for petrol and repair parts.

RusAg successfully implements its program “Lending under Pledge of Purchased Equipment” to manage all credits risks of loans extended to timber and wood processing industry.