OREANDA-NEWS. August 24, 2012. In the framework of the national priority project “Development of agro-industrial complex” and the State program on agribusiness development for 2008-2012, Russian Agricultural Bank provided financing to 2760 investment projects in the field of construction and modernization of stockbreeding complexes for a total amount of RUB 201,1 billion, reported the press-centre of RusAg.

The major volume of funds was invested in construction and modernization of pig-breeding facilities – RUB 66,7 billion; meat and dairy farms – RUB 49,2 billion; poultry enterprises – RUB 34,4 billion.

The main focus is made on investing in new projects based on advanced agricultural technologies. Such investments make up 65,6% of the portfolio and contribute to a technological modernization of the industry, growth of outputs, improvement of quality and competitiveness of Russian agricultural production.

The Bank will expand its lending to the projects promoting an effective development and strengthening of investment attractiveness of the national agricultural industry which will secure an access to affordable and high-quality domestic products for the Russian population.