OREANDA-NEWS. November 16, 2009. LSR Group (LSE: LSRG; MICEX, RTS: LSRG) and OJSC Rosselkhozbank  (Russian Agricultural Bank) signed  loan agreements to open credit facilities of USD 100 million for 5 years, reported the press-centre of LSR Group.

OJSC LSR Group  is a real estate and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are building materials, construction and real estate. The Group includes enterprises for extraction and processing of aggregates, production and transportation of building materials, and housing construction — from mass market large-panel housing to elite property built after designs made by leading domestic and foreign architects.

LSR Group has operations and offices in a number of cities in the Leningrad region, in St. Petersburg, Moscow, Yekaterinburg, Lithuania, Latvia, Estonia, Ukraine and Germany.
In 2007, the sales revenues of LSR Group (according to the IFRS-based financial statements) were RUR 35,858 million, in 2008 – RUR 49,813 million.

LSR Group is a public company, with its GDRs listed and traded on the London Stock Exchange and its shares listed and traded on MICEX and RTS.

In 2007, LSR Group was awarded ‘The Company of the Year’ National Award in the ‘Construction’ category.

Russian Agricultural Bank is 100% state-owned bank regulated by the Central Bank of Russia. RusAg is one of the leading financial institutions providing lending support to Russian agribusiness.

Today Russian Agricultural Bank’s network of 78 regional branches and over 1460 additional offices covers the whole territory of the Russian Federation and is the second largest regional branch network in the country. RusAg’s local presence provides a significant marketing advantage and access to regional client base.

Russian Agricultural Bank provides banking services nationwide to over one million clients. The Bank's policy is to make the whole range of banking services available to its clients both in urban and rural areas.