OREANDA-NEWS. February 18, 2011. The First Deputy Prime Minister of the Russian Federation Victor A. Zubkov headed a meeting of the Supervisory Board of Russian Agricultural Bank. The Supervisory Board met to discuss the Bank’s operating performance, reported the press-centre of RusAg.

In 4Q2010, the Bank has extended loans to the total amount of RUR 116.5 billion, demonstrating a growth by RUR 19 billion as compared to the previous period.

RusAg was focused on providing agribusiness producers and rural population with available credit and financial resources. During 2010, the Bank has decreased several times interest rates for its borrowers and will further decrease interest rates on loans extended for seasonal field works 2011.

The agenda of the meeting also included such issues as lending procedures enhancement, business-planning, including financial planning and funding program for 2011.