In 8M 2020, Russian Agricultural Bank (RusAg, the Bank) issued over RUB 1 trillion to agribusiness borrowers, which is up 29.4% y-o-y.
On September 23, Moscow will host an open seminar “Export of agricultural products: certification and standards”. The event is organized by the FSBI “Agroexport” of the Ministry of Agriculture of the Russian Federation together with Russian Agricultural Bank (RusAg, the Bank).
In September 2020, the retail loan portfolio of Russian Agricultural Bank (RusAg, the Bank) exceeded RUB 500 billion, 61% of the portfolio are mortgage loans. The share of other credit products in the portfolio is 39%.
Russian Agricultural Bank (RusAg, the Bank) presented PayControl electronic signature technology for individuals, integrated into mobile and Internet banking. The joint development of SafeTech and RusAg won first place in the FINAWARD in the category “Implementation in the field of information security or anti-fraud service”.
Russian Agricultural Bank (RusAg, the Bank) has started servicing American Express cards in the acquiring network and in the network of self-service devices. As of today, trade and service companies that are under acquiring service in the Bank can start accepting American Express cards, and also cash withdrawal operations are available to holders of such cards at the Bank’s ATMs.
In 7M 2020, Russian Agricultural Bank (RusAg, the Bank) issued RUB 253.9 billion to agricultural producers for seasonal works. The demand for seasonal works financing by the Bank among agribusiness companies increased by 27.4% as compared to the same period of 2019. The total volume of loans issued by RusAg to agribusiness borrowers increased by 28.8% as compared to the same period of last year, and amounted to RUB 885.9 billion.
Russian Agricultural Bank Group (RusAg, the Group) announces its interim condensed consolidated financial results for 6M 2020 according to International Financial Reporting Standards (IFRS).
In the framework of cooperation between Russian Agricultural Bank (RusAg, the Bank) and Russian Export Center JSC (REC), parties have agreed to hold a series of webinars for agricultural producers in order to increase the level of export literacy of start-up companies. Joint events are designed to inform agribusiness about promotion opportunities and export support programs.
Russian Agricultural Bank (RusAg, the Bank) has come first in two of eight nominations at the XVIII annual national contest “Dealer of the Year” (The Best Dealer & Desk Awards), organised by the Moscow Interbank Currency Association and the Commonwealth of Financial Market Professionals. In another nomination the Bank took second place.
By the end of 2020, Russian Agricultural Bank (RusAg, the Bank) intends to boost its rural presence to 97.2% (up 25.7 percentage points (p.p.)), by operating through branches or representatives.