OREANDA-NEWS. September 06, 2012. Russian Agricultural Bank`s (RusAg) corporate loan portfolio exceeded RUB 848 billion, which makes a 5.1% growth for a year to date. Within January-July 2012, the Bank issued over 25 thousand corporate loan agreements for the total amount of RUB 274 billion, reported the press-centre of RusAg.

RusAg steadily develops its corporate lending with the focus made on agribusiness. Financing of seasonal field works is a priority direction. The total volume of loans extended by the Bank for this purpose amounted to RUB 106 billion in January-July 2012.

The Bank’s financial sources of RUB 23 billion were allocated to corporate borrowers for purchasing of agricultural machinery and equipment, and more than RUB 13 billion were provided for construction and modernization of stockbreeding complexes, poultry and fish-breeding facilities.

The largest volume of loans was extended by RusAg to its corporate clients in the Central Federal District — more than RUB 96 billion, in Volga Federal District — ca. RUB 67 billion and in Siberian Federal District — ca. RUB 32 billion.