OREANDA-NEWS. March 18, 2013. Russian Agricultural Bank (RusAg) held an extended Management Board meeting with participation of Heads of Regional Branches and Representative Offices. Speaking about the results of 2012, Dmitry Patrushev, Chairman of the Board and CEO, pointed out that over the last year the Bank’s loan portfolio increased by RUB 151 billion, or 16%, and amounted to RUB 1.105 trillion.

In 2012, the financial resources extended by the Bank to agribusiness allowed to increase output in domestic plant and animal breeding, upgrade technical facilities, set up new modern enterprises. Of more than 4200 investment projects being implemented with the Bank’s support, about 3000 projects have been put in operation, 363 of which — in 2012.

The total volume of loans extended by RusAg under the State program on agribusiness development and market regulation for agricultural products, raw materials and foodstuffs 2008-2012 exceeded RUB 1.7 trillion.

In the course of the meeting Dmitry Patrushev emphasized that the Strategy through 2020 sets forth agribusiness, rural areas, fishery and forestry as the Bank’s target market segments. RusAg aims to achieve leading positions in these segments in 2013.

“Russian Agricultural Bank will continue its work to further provide effective financial support to the strategic sector of the national economy, increase competitiveness of the national agriculture and ensure sustainable growth of the welfare of rural population”, Dmitry Patrushev summed up.