Russian Agricultural Bank (RusAg, the Bank) has prepared recommendations on foreign trade contracts for clients engaged in foreign economic activity. Recommendations can be used in transactions with foreign organizations to minimize risks and achieve the most favorable agreements with counterparties.
For 20 years, Russian agricultural sector has turned from a lagging industry into highly profitable and investment-attractive businesses, whose products now not only provide the country, but also already bring the country more profit than the military-industrial complex for export.
Russian Agricultural Bank (RusAg, the Bank) and the Unified operator for the development of natural gas vehicle fuel (NGV) market Gazprom Gas-Engine Fuel LLC (the Company) signed a roadmap for 2020-2022 to expand cooperation in the development of gas-engine infrastructure.
In 2020 Russian Agricultural Bank (RusAg) extended RUB 148.4 billion in loans to export-oriented agribusiness companies which is a 72% growth year-on-year. As at 1 June 2020 RusAg’s loan book to export-oriented agribusiness companies reached RUB 291.3 billion. The number of such clients serviced by the Bank totaled 1,251.
In 5M 2020, Russian Agricultural Bank’s (RusAg) earned RUB 3 billion under Russian accounting standards (RAS). Net interest and fee and commission income grew 3.2% year-on-year up to RUB 36.2 billion on the back of lending expansion.
According to ‘Rusipoteka’ analytical center, Russian Agricultural Bank (RusAg) was the only bank among top 10 in the mortgage segment which grew lending during the lockdown period amid the coronavirus outbreak and overall drop in economic activity.
Russian Agricultural Bank (RusAg, the Group) announces its interim condensed consolidated financial results for 3M 2020 according to International Financial Reporting Standards (IFRS).
Russian Agricultural Bank (RusAg) assigned its claims under Donstar loans to a specialist investor - ‘New duck farms’ Limited liability company (part of Damate Group).
‘RSHB Leasing’ Limited Liability Company has started its operations as part of Russian Agricultural Bank Group. The first leasing agreement was signed in February. Given its plans and expertise the company looks to carry out leasing projects in agribusiness and other sectors. Thus, RSHB Leasing is expected to become a platform where clients will be able to lease assets ranging from transport and machinery to equipment for various purposes.
In 3 months of 2020 Russian Agricultural Bank (RusAg) issued RUB 394 billion to agribusiness borrowers, which is up 12% y-o-y. Loans have been disbursed to over 400 large businesses and circa 2,300 small and mid-sized businesses.