RusAg Extends RUB 2,5 trln under Programs on Agribusiness Development
OREANDA-NEWS. August 07, 2014. As of July 1, 2014, total loans extended by Russian Agricultural Bank (RusAg) under the State Programs on Agribusiness Development and Market Regulation for Agricultural Products, Raw Materials and Foodstuffs 2008-2020 amounted to RUB 2.5 trillion.
Of this amount, more than RUB 1.2 trillion was provided by the Bank to SMEs operating in agribusiness.
In 6 months of 2014, RusAg’s loan portfolio amounted to RUB 1.3 trillion, with corporate loans totaling RUB 1.047 trillion, and retail loans reaching RUB 251 billion.
During 1H2014, the Bank extended RUB 384.5 billion in loans, which is RUB 3.1 billion more than in 1H20
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