Bank Profile

RusAg is one of the largest banks in Russia, established in 2000 in accordance with the decree of the President of the Russian Federation to facilitate the development of the national credit and financial system in agribusiness and rural areas of Russia

Russian Agricultural Bank

Russian Agricultural Bank (RusAg) is among TOP-5 banks in Russia and one of the leading financial institutions providing lending support to national agribusiness.

RusAg plays a key role in the implementation of national support programs for the domestic agribusiness sector, including State Program on Agribusiness Development. The Bank’s development role is based on its good knowledge of the Russian agribusiness sector. It offers a diversified product range designed to satisfy the demand of the target market segment and to match its wide regional coverage. The Bank also engages in other government sustainability programs focused on social aspects.

Financial Information

For 9M 2023, RusAg’s net profit amounted to RUB 23.8 billion, exceeding the result for the entire 2022 by almost 5 times.
The Bank’s assets as of 30 September 2023 amounted to RUB 4.679 trillion, having increased by RUB 417.4 billion (+9.8%) over three quarters.
The loan portfolio (before provisions) increased by RUB 190.8 billion (+5.6%) compared to the beginning of 2023 and amounted to RUB 3.604 trillion.
RusAg is the core bank of the agricultural industry, providing a third of agribusiness lending and more than 70% of financing seasonal work in the country.
Deposits and customer accounts grew by RUB 300.3 billion (+8.9%) during 9M 2023, and amounted to RUB 3.663 trillion.
The Bank’s equity (according to IFRS) as of 30 September 2023 amounted to RUB 290.5 billion, having increased by 4.0% since the beginning of the year.
Capital adequacy ratio (N1.0) (under the Bank of Russia requirements) stood at 16.33% as at 1 October 2023.
CIR = 47%; LTD = 98%; NIM = 2.8%.

Awards and Recognitions

Russian Agricultural Bank regularly receives prestigious awards and confidently holds leading positions in ratings