OREANDA-NEWS. October 28, 2009. The Management Board of Russian Agricultural Bank met to discuss the Bank’s performance during the period of January to September 2009 as well as the plans for 2010, reported the press-centre of RusAg.

In 2009, RusAg has continued its solid and resilient operations. A set of measures intended to combat the impact of the world-wide credit crunch that were introduced in the Bank in the beginning of 2009 allowed RusAg to maintain its strong position among four largest banks of the Russian Federation. The Bank’s loan portfolio has reached RUR 600 billion.

The share of overdue loans is twice below the average level to be found among other Russian banks. As of October, 2009 such loans accounted for 2.9% of RusAg’s loan portfolio.

In 2010 RusAg’s loan portfolio is expected to grow by 30% to RUR 850 billion. Over RUR 400 billion will be extended to the real sector of the economy. The priority will be given to implementation of the Federal Program on Agribusiness Development. The Bank will strive to maintain its superior results along all of its business lines.