OREANDA-NEWS. January 23, 2012. In 2011, Russian Agricultural Bank (RusAg) continued its solid performance in line with the management plans and was focused on providing agribusiness producers and rural population with available credit and financial resources. Loan portfolio of the Bank grew by 30% and exceeded RUB 950 billion, reported the press-centre of RusAg.      

RusAg finances 75% of seasonal field works in Russia. The volume of loans extended by the Bank in 2011 for these purposes grew by 27% against 2010 and amounted to RUB 146 billion. Total volume of financial resources provided by RusAg in the framework of the State Program implementation exceeded RUB 1.3 trillion.

In 2011, RusAg’s corporate loan portfolio increased by 25% and amounted to RUB 807 billion, retail loan portfolio grew 73% and amounted to RUB 146 billion.

The volume of attracted customer funds reached RUB 877 billion as of January 1, 2012, which is a 55% growth. Corporate deposits increased by 66% — to RUB 727 billion, retail deposits — by 19% and amounted to RUB 150 billion.

In 2011, RusAg’s profit before tax amounted to RUB 6.2 billion that is two times over the 2010 figure.