OREANDA-NEWS. November 22, 2011. Supervisory Board of Russian Agricultural Bank (RusAg) has decided on increase of the Bank`s authorized capital, reported the press-centre of RusAg.

The decision was made in accordance with the Federal Law "On Introducing Amendments to the Federal Law "On the Federal budget for 2011 and the Planning Period of 2012-2013" dated November 7, 2011.

The Law makes a provision for the increase of RusAg`s authorized capital by RUB 40 billion in 2011. The funds are intended for lending to agribusiness enterprises, farmer holdings, personal household plots` owners, agribusiness consumer cooperatives.