OREANDA-NEWS. October 28, 2011. Russian Agricultural Bank (RusAg) has published its International Financial Reporting Standards Condensed Consolidated Interim Financial Statements and Review Report for 1H2011, reported the press-centre of RusAg.

In 1H2011 the Bank continued its solid performance in line with the management plans and was focused on providing agribusiness producers and rural population with available credit and financial resources. In January — June 2011, loan portfolio of the Bank grew by 16% and amounted to RUB 799 billion. The Bank’s assets increased by 15% in 1H2011 and amounted to RUB 1,072 billion.

The high capitalization level and extensive regional branch network allow the Bank to contribute to sustainable development of agribusiness lending by expanding the scale of lending to agribusiness and rural population in the framework of the Federal Program on Agribusiness Development 2008-2012.

Please find RusAg’s IFRS Financial Statements as of 1H2011 at our website: http://www.rshb.ru/en/reports/ifrs.php