OREANDA-NEWS. January 10, 2014. Russian Agricultural Bank (RusAg) placed the additional issue of shares in the amount of RUB 30 billion. As a result of the issue RusAg’s share capital amounted to RUB 218,048 billion.

Funds are allocated to RusAg’s share capital with the aim of lending to agribusiness enterprises, farms, household plots owners, agricultural consumer cooperatives.

On December 2, 2013 President of the Russian Federation Vladimir Putin signed the corresponding amendments to the Federal Law “On the Federal Budget for 2013 and the Planning Period of 2014 - 2015”, stipulating the distribution of the federal budget funds to the share capital of Russian Agricultural Bank. On December 18, 2013 the Federal Agency for State Property Management, which is exercising powers of the Bank’s general shareholders meeting, took the decision on the increase of the Bank’s share capital.