OREANDA-NEWS. April 19, 2013. Russian Agricultural Bank (RusAg) has announced its audited consolidated financial results for the year 2012 according to International Financial Reporting Standards (IFRS).

In 2012, RusAg demonstrated a positive dynamics of its main business indicators. The loan book increased by RUB 188 billion (19%) and amounted to RUB 1.168 trillion. The Bank`s corporate loan portfolio grew by RUB 136 billion (16%) up to RUB 969 billion, retail loan portfolio — by RUB 52 billion (35%) and reached RUB 200 billion.

RusAg`s assets increased by RUB 144 billion (11%) up to RUB 1.429 trillion as of January 1, 2013.

Net interest income of the Bank rose 5% and amounted to RUB 56.4 billion with net fee and commission income grew 50% totaling RUB 6.3 billion. Profit of Russian Agricultural Bank for the year 2012 made up RUB 144 million which is 2,5 times more compared to 2011.

The Bank`s equity grew by RUB 41 billion (26%) and reached RUB 198 billion as of January 1, 2013 following a capital increase by RUB 40 billion in December, 2012 through an additional share issuance.