Profile

Russian Agricultural Bank

Russian Agricultural Bank (RusAg) is a 100% state-owned bank regulated by the Bank of Russia. RusAg is one of the leading financial institutions providing lending support to Russian agribusiness.

Russian Agricultural Bank has a unique mandate to act as the State agent to implement the Government’s financial policy in the domestic agribusiness sector. RusAg plays a key role in the implementation of the State Program on Agribusiness Development. The Bank’s development role is based on its good knowledge of the Russian agribusiness sector. RusAg 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.

Today, Russian Agricultural Bank’s network of 66 regional branches and over 1,260 additional offices covers over 60% of territory of the Russian Federation and is among top 3 largest branch networks in the country. RusAg’s local presence provides a significant marketing advantage and access to regional client base.

Russian Agricultural Bank provides banking services nationwide to over 6.6 million clients. The Bank’s policy is to make the whole range of banking services available to its clients both in urban and rural areas.

In H1 2019 the Group’s gross loan portfolio went up 4.8% (+RUB 108.9 billion) reaching RUB 2.339 trillion. Corporate loans (including loans to customers measured at fair value through profit or loss) rose by 5.1% (+RUB 94.4 billion) from YE2018 and totaled RUB 1.950 trillion. Retail loans grew by 3.3% (+RUB 14.5 billion) to RUB 448.7 billion from YE2018.

Deposits and customer accounts respectively dropped in H1 2019 by 3.4% (- RUB 82 billion) and added up to RUB 2.339 trillion caused by a contraction of corporate customer accounts by 11.2% (-RUB 155 billion) down to RUB 1.231 trillion. Retail deposits and customer accounts grew 7.1% (+RUB 73 billion) from YE2018 and amounted to RUB 1.108 trillion.

Net fee and commission income grew 3.6% up to RUB 10.3 billion from RUB 9.9 billion year-on-year.

In H1 2019 the Group earned a net profit of RUB 3.6 million as compared to RUB 0.2 billion in H1 2018.

As at 30 June 2019 the Group’s equity amounted to 169.7 billion as compared to RUB 151.7 billion at YE2018 (+11.8%).

Russian Agricultural Bank is among top ten banks of the Russian Federation and ranked No. 248 among Top-1000 banks globally in terms of Tier 1 capital according to the July 2019 issue of “The Banker” magazine.  

Source: IFRS Financial Statements as of June 30, 2019