OREANDA-NEWS. November 05, 2009. Russian Agricultural Bank announced that it’s International Financial Reporting Standards Condensed Consolidated Interim Financial Information and Review Report for 1H2009 is published, reported the press-centre of Russian Agricultural Bank.

In 1H2009 the Bank demonstrated positive dynamics of its key performance indicators. Amid resource and confidence shortage in the national credit system the Bank continued its stable and sustainable operations, while duly and fully meeting its obligations. RusAg has further increased its role in the banking sector of the Russian Federation and expanded its regional branch network. RusAg occupied the following positions on the market as of 1H2009:

- No 1 largest bank by authorized capital in Russia*.

- No 2 largest branch network in Russia.
 
- No 3 largest bank by total capital in Russia*.

- No 4 largest bank by assets in Russia*.

- No 276 in the Top 1000 banks globally by The Banker.

Looking ahead RusAg’s capital position is strong, particularly following RUR 45 billion of equity contribution in February 2009. As a result RusAg’s authorized capital has now reached RUR 106.973 billion. RusAg believes that capital strength and liquidity are two of its key features, ensuring that it is positioned to seize new opportunities for agribusiness support wherever they arise.

The high capitalization level and extensive regional branch network allow the Bank to contribute to sustainable development of agribusiness lending by expanding the scale of lending to agribusiness and rural population in the framework of the Federal Program on Agribusiness Development 2008-2012.

Please find RusAg 1H2009 financials according to IFRS at our website: http://www.rshb.ru/en/reports/ifrs.php

* According to Russian Accounting Standards