In 1H 2017, Russian Agricultural Bank (RusAg) issued more than 900,000 payment cards. This is a 14% growth year on year. Credit cards account for 6% of all the cards issued during January – June 2017, debit cards account for 94%.
In six months of 2017, Russian Agricultural Bank (RusAg) extended approximately RUB 75 billion in loans to retail customers. In particular, the Bank disbursed RUB 43.9 billion in consumer loans, RUB 12 billion in residential mortgage loans. As at 1 July 2017, the Bank’s retail loan book stood at RUB 335.4 billion.
In 6 months of 2017, Russian Agricultural Bank provided more than RUB 134.5 billion in loans to agricultural producers for seasonal field works. This is a 38% growth as compared to the same period in 2016. This figure includes RUB 99.5 billion provided in loans to large agribusinesses, 35.9 billion – to SMEs.
In 1H2017, Russian Agricultural Bank’s (RusAg) loan portfolio calculated under RAS grew 8.4% (RUB 145 billion in absolute terms) outperforming the market average and totaled 1.881 trillion.
Speaking at the 26th International Financial Congress in St. Petersburg, Dmitry Patrushev, Chairman and CEO of Russian Agricultural Bank, said that in 1H 2017 RusAg provided RUB 848 billion to enterprises operating in agribusiness, manufacturing, trade and other sectors.
Russian Agricultural Bank (RusAg) became the first Russian bank to launch the issuance of the Mir-UnionPay co-badged card in cooperation with Joint Stock Company “National Payment Card System” (NSPK) and UnionPay International payment system.
While on a working visit to the Republic of Udmurtia, Dmitry Patrushev, Chairman of the Board and CEO of Russian Agricultural Bank, held a meeting with Alexander Brechalov, interim head of the Republic of Udmurtia.
Russian Agricultural Bank (RusAg) signed a Cooperation agreement with China Development Bank, one of the leading Chinese financial institutions.
Retail customer accounts at Russian Agricultural Bank (RusAg) exceeded RUB 700 billion, rising by 17% in 2017.
Russian Agricultural Bank (RusAg) has extended more than RUB 1 trillion in retail loans. With more than RUB 463 billion in loans issued since 2005, consumer loans account for the largest share in total loans disbursed.