OREANDA-NEWS. March 11, 2011. In February 2011, loan portfolio of Russian Agricultural Bank grew by RUB 7.4 billion and amounted to RUB 737.4 billion, reported the press-centre of Russian Agricultural Bank.

Within the last month the Bank has increased the volume of borrowed funds by RUB 25 billion that amounted to RUB 929 billion as of March 1, 2011.

As of March 1, 2011, RusAg’s profit before tax amounted to RUB 479 million.

The Bank continues a planned reduce of the financial burden on agricultural producers consistently decreasing lending rates. To date, interest rates on loans extended for seasonal field works account for 7.75% to 10% depending on the loan maturity. Among priority objectives of the Bank’s lending policy for the current period are to support agribusiness enterprises during spring field works, and to create favorable financial conditions for small and medium-sized enterprises.