OREANDA-NEWS. January 19, 2015. Russian Agricultural Bank (RusAg) completed the placement of additional share issue in the amount of RUB 5 billion. As a result of the issue RusAg’s share capital amounted to RUB 248.048 billion.

The share capital was increased pursuant to Resolution No.2240-р of the Government of the Russian Federation dated 8 November 2014. The corresponding decision was taken on 19 December 2014 by the Federal Agency for State Property Management, which exercises the powers of the Bank’s general shareholders meeting.

The funds allocated to RusAg’s share capital will ensure the provision of necessary financial support and expansion of lending to agribusiness enterprises, farms, household plot owners, and agricultural consumer cooperatives.