12 August 2025

According to the financial results of Russian Agricultural Bank Group (hereafter – RusAg Group, the Group, RusAg or the Bank) for the first half of 2025, the Group’s net profit amounted to RUB 39.5 billion exceeding the result for the same period of 2024 by 52%. The Group’s assets as of 30 June 2025 amounted to RUB 5.586 trillion.

The Group’s loan portfolio (before provisions) increased by RUB 67.8 billion (+1.6%) within the H1 2025 and amounted to RUB 4.306 trillion. In particular, the corporate loan portfolio (including loans at fair value through profit or loss) grew during the first half of 2025 by RUB 106 billion (+2.9%) up to RUB 3.763 trillion.

The Bank’s agribusiness loan portfolio in H1 2025 increased by RUB 140.3 billion (+5.7%) and amounted to RUB 2.6 trillion as of June 30. The volume of loans issued by RusAg to agribusiness in 6 months increased by RUB 49.5 billion (+4.7%) compared to the same period last year and amounted to RUB 1.1 trillion. In particular, the volume of loans provided for seasonal work increased by 7.3% and amounted to RUB 505.4 billion. RusAg is the core bank of the agricultural industry, providing 34% of total lending to agribusiness and more than 79% of seasonal work financing in the country.

The retail loan portfolio (before provisions) decreased by (-6.6%) to 542.6 billion rubles. This was due to the Group's conservative risk policy and the planned reduction of several preferential government programs, including those in the mortgage and agricultural lending sectors.

Deposits and customer accounts grew by RUB 113.9 billion (+2.8%) during H1 2025, and amounted to RUB 4.233 trillion. Corporate term deposits and current accounts decreased by RUB 37.7 billion (-1.9%) and reached RUB 1.911 trillion. Retail term deposits and current accounts increased by RUB 151.6 billion (+7.0%) to RUB 2.322 trillion.

Loan-to-deposit ratio (LTD) stood at 101.7% as at 30 June 2025.

Net interest income as for H1 2025 amounted to RUB 67.9 billion, which is 9.2% more than RUB 62.2 billion for the same period in 2024. Net fee and commission income amounted to RUB 11.7 billion compared to RUB 9.7 billion in H1 2024 (+20.8%).

The Group’s net interest margin for the first half of 2025 amounted to 2.6%. Cost-to-Income ratio (operating expenses divided by net operating income (before allowance for credit losses)) stood at 50%.

The Group’s equity (according to IFRS) as of 30 June 2025 amounted to RUB 362.5 billion, having increased by 17.8% in 6 months. The Bank’s capital adequacy ratio (N1.0) (under the Bank of Russia requirements) stood at 12.3% as at 1 July 2025.