OREANDA-NEWS. April 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 1Q2011, the Bank’s loan portfolio grew by more than RUB 37 billion. Total amount exceeded RUB 770 billion, which is almost twice the figure for the same period of 2010.

In 1Q2011, total volume of lending for the State Program of Agribusiness Development implementation grew by 30% as compared to the 1Q2010, and totaled RUB 87.9 billion. The volume of lending for seasonal field works significantly exceeded the level of the last two years – an increase by 29% as compared to the 1Q2010, and by 35% as compared to the 1Q2009.

The agenda of the meeting also included an item on raising the level of technological development of the Bank.

Supervisory Board approved modern information technologies development concept that will allow Russian Agricultural Bank to move to the fore position on the banking market in terms of IT.