OREANDA-NEWS. January 30, 2014. In 2013, Russian Agricultural Bank (RusAg) increased its loan portfolio by RUB 169 billion, or 15%, up to RUB 1.274 trillion. The Bank’s corporate loan portfolio grew 13%, totaling RUB 1.026 trillion, retail loan portfolio - 25% reaching RUB 247 billion.

RusAg’s assets in 2013 increased 15% and amounted to RUB 1.968 trillion.

The Bank places special focus on seasonal field works financing. Lending extended to agribusiness producers for these purposes exceeded RUB 184 billion, a 31% growth as compared to 2012. The Bank’s share in this segment amounted to 74%. Multi-purpose loans for purchase of fuel, seeds and fertilizers, accounting for about 60% of total lending for seasonal field works, are the most demanded product type.

RusAg will continue to provide efficient financial support to agribusiness, including the expansion of its loan product range.

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