OREANDA-NEWS. April 25, 2013. In Q1 2013, Russian Agricultural Bank (RusAg) extended RUB 160 billion in loans, which is RUB 25.2 billion, or 18.7%, more than in Q1 2012.

Special focus was placed on seasonal field works financing. The total amount of loans provided to agricultural producers for the above purpose exceeded RUB 43.5 billion, a 37% growth as compared to Q1 2012.

RusAg’s loan portfolio in Q1 2013 increased by RUB 18 billion, or 1.6%, and reached RUB 1.123 trillion. The corporate loans grew by 1.5%, totaling RUB 921 billion, and retail loans — by 2% reaching RUB 202 billion.

The figures are in accordance with Russian Accounting Standards (RAS).