OREANDA-NEWS. April 25, 2012. In H1 2012, the volume of the Bank’s lending for the sowing campaign will exceed RUB 64 billion, according to operational estimates. Russian Agricultural Bank has already financed seasonal works at RUB 32.9 billion since the beginning of the current year, reported the press-centre of RusAg.

The total number of RusAg’s loan agreements with agribusiness producers reached 4 thousand. A significant volume of loan applications is expected by the end of April 2012.

Seasonal works financing is one of the priority activities of Russian Agricultural Bank. Within the measures aimed at increasing the availability of financial resources for agribusiness producers, the Bank has reduced the term of decision-making on a loan to 5 days and set interest rates for loans up to 1 year at 10.75%.