OREANDA-NEWS. October 14, 2011. Loan portfolio of Russian Agricultural Bank (RusAg) amounted to RUB 920 billion, which is a 26% growth for the year to date. Within the 3Q 2011, loan portfolio grew by RUB 70 billion, or 8%, reported the press-centre of RusAg.

In January-September 2011, RusAg’s retail portfolio increased by 53%, including 20% growth in 3Q 2011, and amounted to RUB 129 billion. Corporate loan portfolio grew 22% and amounted to RUB 791 billion as of October 1, 2011.

Lending for the State Program on Agribusiness Development implementation in January-September 2011 exceeded RUB 300 billion, thus showing more than a 20% increase compared to the same period of 2010. Particularly, lending for seasonal field works grew by more than a quarter, compared to the same period last year, and amounted to RUB 122 billion.

Customer deposits showed 52% growth for the year to date. The volume of corporate deposits increased by 63% — to RUB 718 billion, retail deposits by 10% — to RUB 138 billion.

RusAg’s profit before tax increased by 2.2 times and amounted to RUB 5.8 billion as of 9M 2011. The Bank’s net profit increased by 68% and totaled RUB 2.1 billion as compared to January-September 2010.

Positive dynamics of Russian Agricultural Bank’s key financial indicators is a result of the measures taken to improve loan provisioning, product line optimization, and new products development.