By the beginning of summer 2022, the regional network of Russian Agricultural Bank (RusAg, the Bank) includes 1,542 points of sale in 82 regions of the country. Of these, 1023 points that is over 66% are located in small towns and rural areas. The Bank provides 100% coverage of rural areas, including through the organization of work of the authorized representatives providing consulting services.
Launched in May 2021, Russian Agricultural Bank’s (RusAg, the Bank) rural development platform ‘Svoe Selo’ was visited by over 1 million users in the first year. The number of suburban real estate objects located on the platform also exceeded 1 million. More than 1,500 house projects accumulated there – this is the largest database of country house projects in Russia.
The projected high grain harvest in Russia and population growth rates in the Middle East and Africa allowed Russian Agricultural Bank (RusAg, the Bank) experts to identify a group of countries that are promising in terms of increasing exports. This group, according to the Bank’s Center for Industry Expertise, includes Saudi Arabia, Egypt, Ethiopia, Tanzania, Mozambique, Benin and Niger.
Forty Russian agricultural universities have joined campus projects launched by Russian Agricultural Bank (RusAg, the Bank) in 2019. The total number of issued campus cards exceeded 136 thousand. This unique banking product combines financial and non-financial services, acting simultaneously as a means of payment, a pass to the territory of the university and a library card.
Russian Agricultural Bank (RusAg, the Bank) and Russian Environmental Operator (REO) have agreed on investment cooperation in the field of municipal solid waste (MSW) management.
Russian Agricultural bank (RusAg, the Bank) reports on the situation with subordinated Eurobonds coupon yield payable on 16 April 2022, with an interest rate of 8.5% per annum, maturing in 2023 (ISINs: XS0979891925, US74973DAJ81).
Russian Agricultural Bank (RusAg, the Bank) is expanding its portfolio in the sector of foreign economic activity (FEA) – only in March number of contracts increased by 100. The most popular areas of interaction for Russian clients are the Middle East countries (Egypt, UAE), Central and Southeast Asia (China, Kazakhstan, Uzbekistan, etc.).
In 2021, B2B users on Svoe.Fermerstvo (svoefermerstvo.ru), a RusAg ecosystem for agrarians, jumped ten-fold to 1 million people. In a similar fashion, the number of products offered by the system showed a ten-fold increase to 1 million. Most importantly, almost all Russian manufacturers of agricultural machinery joined the platform as it launched 10 new digital services for agribusiness.
Boris Listov, Chairman of the Board of Russian Agricultural Bank, and Vladislav Hovalyg, Head and Chairman of the Government of the Republic of Tuva, signed a cooperation agreement to replace the one that was operating in 2013-20.
RusAg received quality recognition awards from its partner, J.P. Morgan Chase Bank, N.A, in two nominations, interbank payments and commercial payments, for the excellent standards of processing USD-denominated interbank and commercial transfers in accordance with the international rules for automated STP (straight-through processing).