On 20 March 2017, Russian Agricultural Bank (RusAg) completed the book building for BO-01P bond issue. The order book was open from 11:00 till 16:00 (Moscow time). The final placement totalled RUB 10 billion, with overall investor demand by far exceeding the offered amount.
In 2017, Russian Agricultural Bank (RusAg) extended RUB 45 billion for seasonal field works, which include RUB 17 billion of subsidized loans, Dmitry Patrushev, Chairman of the Board and CEO of Russian Agricultural Bank, said speaking at the offsite meeting of the United Russia Party.
In January-February 2017, Russian Agricultural Bank’s net operating income before provisions for impairment and disposal of loans amounted to RUB 14.7 billion, rising by 28.6% year-on-year.
Since the launch of the procedure for subsidized lending to agribusiness stipulating the maximum interest rate of 5% p.a. Russian Agricultural Bank (RusAg) has provided financing to agricultural producers totalling more than RUB 25 billion. Lending has been allocated to agribusiness enterprises operating in 44 Russian regions. RusAg became the first authorized Russian bank to embark on the new procedure and as of today holds the leading position by the amount loans disbursed under the new rules.
In 2017, Russian Agricultural Bank (RusAg) has already provided more than RUB 37 billion in loans to agricultural producers for seasonal field works. It is twice the amount extended in the same period last year. In particular, more than RUB 13 billion have been provided in the framework of the new subsidized lending procedure stipulating the maximum interest rate of 5% p.a.
Irina Zhachkina, Deputy Chairman of the Board of Russian Agricultural Bank, speaking at the XXVIII Russian farmers congress, arranged by the Association of Farms and Agricultural Cooperatives of Russia, said that the Bank plans to continue expanding its financial support of SMEs in 2017.
In 2016, Russian Agricultural Bank issued more than RUB 261 billion in long-term loans to agribusiness borrowers, which is a 1.5-times growth as compared to 2015.
In 2016, Russian Agricultural Bank’s (RusAg) extended more than RUB 294 billion to small and medium-sized enterprises (SMEs). The Bank’s SME loan portfolio totaled RUB 505 billion.
On 30 January 2017, Dmitry Patrushev, Chairman of the Board and CEO of Russian Agricultural Bank, briefed Vladimir Putin, President of the Russian Federation, on the Bank’s achievements in 2016.
In 2016, Russian Agricultural Bank (RusAg) extended more than 41,000 residential mortgage loans adding up to more than RUB 65 billion. This is a 70% increase from 2015. In particular, as part of the state subsidized mortgage lending program the Bank provided more than 21,000 loans totaling RUB 35 billion.