OREANDA-NEWS. August 22, 2011. The Management Board of Russian Agricultural Bank (RusAg) met to discuss the Bank’s performance during the period of January to June 2011. Chairman of the Supervisory Board I. V. Lomakin-Rumyantsev and Member of the Supervisory Board T. B. Kulkina participated in the meeting, reported the press-centre of Russian Agricultural Bank.

During the 1H 2011, RusAg showed a significant growth of its key performance indicators. In January-June 2011, the Bank increased the volume of lending to agribusiness by 21.3% as compare to the same period of 2010. Russian Agricultural Bank extended RUB 93 billion for the seasonal field works, in comparison with 1H 2010 amount of lending grew by 22%. Loan portfolio of the Bank grew 16% and amounted to RUB 850.7 billion as of July 1, 2011.

Russian Agricultural Bank gives particular emphasis on its regional network development, the second largest in the Russian Federation, first of all — to the development of customer focus and continued growth of the loan portfolio in accordance with the approved business plan.