OREANDA-NEWS. October 24, 2012.  The Central Bank of Armenia registered the representative office of Russian Agricultural Bank (RusAg) in the city of Yerevan, reported the press-centre of RusAg.

The representative office will render assistance to RusAg’s clients in their export-import transactions aimed to promote the interests of Russian agricultural producers and to increase the volume of the Bank’s operations and revenues.

Russian Agricultural Bank (RusAg) is a 100% state-owned bank regulated by the Bank of Russia. RusAg is one of the leading financial institutions providing lending support to Russian agribusiness.

Russian Agricultural Bank acts as a Government agent providing financial services to agribusiness and rural population, which makes up 27% of the total population. Russian Agricultural Bank plays a key role in the implementation of the State Program on Agribusiness Development. The Bank's development role is based on its good knowledge of the Russian agribusiness sector. RusAg offers a large product range oriented on the target market segment and its wide regional coverage.

Today, Russian Agricultural Bank’s network of 78 regional branches and over 1500 additional offices covers the whole territory of the Russian Federation and is the second largest regional branch network in the country. RusAg’s local presence provides a significant marketing advantage and access to regional client base.

Russian Agricultural Bank provides banking services nationwide to over two million clients. The Bank's policy is to make the whole range of banking services available to its clients both in urban and rural areas.