OREANDA-NEWS. April 19, 2013. In 2012, Russian Agricultural Bank increased its loan portfolio by RUB 151 billion (16%) up to RUB 1.105 trillion according to Russian Accounting Standards.

The Bank`s corporate loan portfolio grew 12% to an amount of RUB 907 billion while retail loan portfolio increased 34% and reached RUB 198 billion. Compared to 2011 the total volume of loans extended by RusAg in 2012 increased 5% or RUB 34 billion and amounted to RUB 674 billion.

In the framework of the State Program on Agribusiness Development 2009-2012 the Bank extended loans to agribusiness for more than RUB 1.7 trillion.

Effective financial support of the national agribusiness remains the strategic mission for Russian Agricultural Bank. RusAg`s contribution fosters investment activities in the industry, promotes small agribusiness patterns and individual holdings development, stimulates renewal of agricultural machinery, supports carrying out of seasonal field works.