RusAg Increased 1.5 Times Volume of Lending to Household Plots
OREANDA-NEWS. March 15, 2012. In 2011, Russian Agricultural Bank (RusAg) has extended RUB 32 billion for the development of personal household plots, which is a 50% growth compared with 2010, reported the press-centre of RusAg.
Personal household plots support is one of the priorities of State policy aimed at ensuring the sustainable development of rural areas of the Russian Federation.
RusAg is actively develops its lending programs for personal household plots. In 2011, the Bank extended loans to 128 thousand personal household plots owners across the country. RusAg’s loan portfolio of such loans reached RUB 61.9 billion in 2011.
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