OREANDA-NEWS. January 29, 2015. In 2014, Russian Agricultural Bank (RusAg) increased its loan portfolio by RUB 172 billion, or 13.5%, up to RUB 1.445 trillion. While consistently developing client relationships, in 2014, the Bank grew its corporate loan portfolio by 13.9%, up to RUB 1.168 trillion, retail loan portfolio – 11.9%, up to RUB 277 billion.

Despite challenging macroeconomic environment, RusAg fully accomplishes all the tasks set by the state on effective financial support of agribusiness and related industries. In the framework of the State Program on Agribusiness Development and Market Regulation for Agricultural Products, Raw Materials and Foodstuffs 2013-2020 the Bank has extended more than RUB 1 trillion, of these - about RUB 450 billion in 2014.

The Bank places special focus on seasonal field works financing and support of investment projects, including those intended for import substitution. Thus, in 2014, the Bank extended RUB 148 billion for seasonal field works. Over the year, RusAg extended more than 5 thousand investment loans totaling RUB 60 billion to corporate agribusiness borrowers for construction, overhaul and upgrade of agricultural facilities, purchase of livestock and machinery.

In 2015, despite the economic slowdown, RusAg will continue systematic expansion of lending to agribusiness and active participation in the national scale projects.