RusAg Extended RUB 241,8 bn to Investment Projects
OREANDA-NEWS. August 12, 2013. Since 2006, Russian Agricultural Bank has provided financial support to 3288 investment projects on construction, reconstruction and modernization of stock breeding facilities in the total amount of RUB 241.8 billion.
The largest part of financial resources was provided for construction and renovation of pig-breeding enterprises — RUB 82.8 billion, cattle breeding facilities — RUB 80.7 billion and poultry farms — RUB 38.3 billion.
The major portion of investments (67.6%) was allocated to construction of new modern facilities designed to meet highest international standards.
By July 1, 2013, more than 70% of all investment projects financed by the Bank have already been put into operation.
Russian Agricultural Bank will continue to expand its lending to investment projects contributing to further development and boosting investment attractiveness of the national agribusiness.
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