OREANDA-NEWS. January 4, 2013. Russian Agricultural Bank (RusAg) placed the additional issue of shares in the amount of RUB 40 billion. As a result of the issue RusAg’s share capital amounted to RUB 188,048 billion.

Funds are allocated to RusAg’s share capital with the aim of expanding lending to agribusiness and related sectors in accordance with the tasks set by the Bank’s shareholder.

On December 3, 2012 President of the Russian Federation Vladimir Putin signed the corresponding amendments to the Federal Law "On the Federal Budget for 2012 and the Planning Period of 2013 — 2014", stipulating the distribution of the federal budget funds to the share capital of Russian Agricultural Bank. On December 20, 2012 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.