23 June 2025

China Lianhe Credit Rating (hereinafter - Lianhe Ratings) has upgraded the long-term Chinese national scale credit rating of Russian Agricultural Bank (hereinafter - RusAg or the Bank) by 2 notches to the highest rating - ‘AAA’, with a Stable outlook.

Lianhe Ratings considered the Bank’s 100% government involvement and its strategic importance to the Russian Federation. As one of Russia's systemically important banks, RusAg plays a critical role in supporting national economic development and ensuring financial stability.

Analysts at Lianhe Ratings emphasized that RusAg is a key instituion in the Russia’s financial system for the agricultural sector. The Bank operates the second-largest branch network in the country, covering 82 regions, and accounts for over 30% of the agricultural lending market, maintaining its leading position in this segment.

The agency also notes the stable and improving financial performance, including the growth of its loan portfolio, asset quality and operational efficiency.

China Lianhe Credit Rating is the leading credit rating agency in China, which holds more than 30% of the market share in its industry. Lianhe Ratings strictly adheres to international rating agency standards and is widely recognized by market participants. The agency has about 400 analysts covering more than 2000 issuers, including such major financial institutions as China Construction Bank, ICBC, Bank of China, Agricultural Bank of China, CITIC Bank and others.