OREANDA-NEWS. July 22, 2011. In 2011, Russian Agricultural Bank (RusAg) expands lending to livestock sector, particularly on technical and technological re-equipment of animal breeding and poultry complexes, reported the press-centre of RusAg.

The most significant amount of lending for livestock sector development was provided in the Altay Region, the Republic of Tatarstan, Ingushetia, Chechen Republic and the Kabardino-Balkarian Republic, Bryansk, Tula and Vologda Region. In each of these regions the amount of loans extended for the period was minimum RUB 100 million.

In January-June 2011, for construction and modernization of animal breeding and poultry complexes RusAg extended RUB 9.5 billion, which is a 24% growth compared to the same period of 2010.

The Bank’s total loan portfolio that includes loans for technical and technological modernization of animal breeding and poultry complexes reached RUB 129 billion as of June 1, 2011. Year-on-year growth — more than 12%.