OREANDA-NEWS. July 13, 2012. In H1 2012, Russian Agricultural Bank`s (RusAg) loan portfolio rose by RUB 64 billion (6.7%) up to RUB 1,018 billion, reported the press-centre of RusAg.

The Banks`s corporate loan portfolio grew 4.5% and amounted to RUB 844 billion, retail loan portfolio increased by 18.7% up to RUB 174 billion. Profit before tax amounted to RUB 4 billion, which is 24% higher than in 1H 2011. Net profit totaled RUB 1.7 billion (30% growth).

"We continue our systematic work on improvement of the loan portfolio quality and efficiency of financing Russian agribusiness. The Bank is steadily enhancing the performance of its main business directions", said Dmitry Patrushev, Chairman of the Board and CEO of Russian Agricultural Bank.

The data is prepared under Russian Accounting Standards (RAS).