The Russian government will provide Russian Agricultural Bank (RusAg, the Bank) with an additional capital of RUB 10.5 billion by acquiring an additional issue of the Bank’s shares. The funds received by the Bank will be used to expand lending to the agricultural sector and export of agricultural products within the framework of the State Program on Agribusiness Development and Regulation of Agricultural Products, Raw Materials and Food Markets, as well as the International Cooperation and Export National Project.
Ecosystem of Russian Agricultural Bank (RusAg, the Bank) “Svoye Fermerstvo” for the digitalization of small and medium-sized farms has become one of the winners of the prestigious international innovation competition Gartner Eye on Innovation Award in the category “Financial Services 2020”. It became the first project from Russia to win the final of the award for its entire existence.
In 10M 2020, the share of overdue debt in the loan portfolio of Russian Agricultural Bank (RusAg, the Bank) decreased from 8% to 6.1% (-RUB 24.6 billion) to RUB 163.4 billion, follows from the Bank’s financial statements in accordance with Russian accounting standards (RAS).
By the end of 2020, supplies of Russian soybeans to foreign markets may grow by more than 70% compared to last year’s export volumes and exceed 1.5 million tons, forecasts the Center for Industry Expertise of Russian Agricultural Bank (RusAg, the Bank).
Russian Agricultural Bank Group (RusAg, the Group) has announced its interim condensed consolidated financial results for 9M 2020 according to International Financial Reporting Standards (IFRS).
Ecosystem of Russian Agricultural Bank (RusAg, the Bank) “Svoye Fermerstvo” for small and medium-sized farms was included in the shortlist of finalists of the international competition Crop Science Forum & Awards 2020 in the category “Best Innovation in Digital Farming Technology”.
Russia has increased sharply its export of dry fodder to non-CIS countries: in 8M 2020, supplies to foreign markets amounted to 58 thousand tons, which is 16 times more than in the same period last year. By the end of this year, export shipments may amount to 65-70 thousand tons, according to the Center for Industry Expertise of the Russian Agricultural Bank (RusAg, the Bank).
The volume of export sales of Russian poultry meat may increase by 45% from 210 thousand tons in 2019 to more than 300 thousand tons by the end of 2020, forecasts the Center for Industry Expertise of Russian Agricultural Bank (RusAg, the Bank).
Kirill Levin, First Deputy Chairman of the Board of Russian Agricultural Bank (RusAg, the Bank), spoke at the XXII Russian Agroindustrial Exhibition “Golden Autumn – 2020”. His report was dedicated to relationship between international banking and agribusiness exports.
The Internet Bank of Russian Agricultural Bank (RusAg, the Bank) entered the TOP-10 according to the results of the annual research Markswebb Internet Banking Rank 2020, becoming one of the most effective for solving daily financial management tasks.