OREANDA-NEWS. March 02, 2011. Russian Agricultural Bank is one of the main financial institutions ensuring implementation of the Federal Program on Agribusiness Development 2008–2012, reported the press-centre of RusAg.

In 2010, RusAg extended over 120 thousand loans to the total amount of RUB 329 billion (USD 11.2 billion) for the State Program Implementation, including RUB 121 billion (USD 4.1 billion) for seasonal field works support, and RUB 38 billion (USD 1.3 billion) to farms and personal household owners.

During 2010, the Bank extended 747 loans for financial support of construction and modernization of animal breeding complexes in the amount of more than RUB 27 billion (USD 0.9 billion).

Total amount of loans extended by Russian Agricultural Bank for the State Program implementation within the period January 1, 2008 – January 1, 2011 reached RUB 925 billion (USD 31.6 billion).