OREANDA-NEWS. April 06, 2012. Supervisory Board of Russian Agricultural Bank (RusAg) has discussed the implementation of the business plan for the year 2011. The Bank`s main performance indicators showed a faster growth than those of the banking system on the average, reported the press-centre of RusAg.  

RusAg increased the total volume of lending in the framework of the State Program on Agribusiness Development by more than RUB 80 billion in 2011 which makes a 24% growth against 2010. The volume of loans extended for purchase of agricultural machinery and equipment almost doubled in 2011. Significant results were also achieved in financing of the seasonal field works — the Bank increased its volume by RUB 30 billion as compared with 2010. The retail loan portfolio expanded by more than 70% in 2011 which is twice as high as the market on the average.

The impressive results were secured by a number of measures taken to enhance the availability of the Bank`s lending products to its clientele, among which were lowering of interest rates on main financing programs, optimization of internal lending procedures and broadening of product range.