The portfolio of funds raised for retail deposits and current accounts of Russian Agricultural Bank (RusAg, the Bank) as of 1 August 2021 has exceeded RUB 1.33 trillion. In terms of the size of the passive portfolio, RusAg is consistently among the TOP 5 Russian banks.
Ecosystem of Russian Agricultural Bank (RusAg, the Bank) Svoe Fermerstvo (My Farming) has won the FINAWARD-2021 in the nomination “Solution for a marketplace or B2B ecosystem”.
Expert RA has raised its insurer financial reliability rating on RSHB-Insurance to ‘ruAA+’. The outlook assigned to the rating is ‘stable’. Previously, the company was rated ‘ruAA / stable’. The upgrade of RSHB-Insurance rating reflects the stable financial performance over a long period of time against the background of the business growth and strengthening of the company’s position in the insurance market.
In January-May 2021, Russia doubled honey exports in comparison with the same period of 2020 to 1,443 tons, and the number of destinations increased from 17 to 31.
Russian Agricultural Bank (RusAg, the Bank) announces its interim condensed consolidated financial results for 6M 2021 according to International Financial Reporting Standards (IFRS).
In 1H 2021 RusAg’s loans to agribusiness amounted to RUB 848.2 billion (+14.3% compared to the result of 1H 2020), of which RUB 318.1 billion, or 37.5%, were issued at a preferential rate. This year, the volume of concessional lending increased by 69.3%, and its share in issues - by 12.2 p.p.
Since July 20, 2021, Russian Agricultural Bank launched support measures for victims of floods in Krasnodar. Borrowers who suffered losses may receive a delay in loan repayment.
China has become the largest buyer of Russian beef as mentioned in the quarterly meat market report of RusAg’s Centre for Industry Expertise. According to the results of the first quarter of 2021, beef supplies to China increased 20 times, and share in total Russian beef export exceeded 55%.
The expansion of the supplies geography, primarily due to North America and Europe, allowed Russia to increase the volume of caviar exports significantly. In 2016-2020, it almost doubled (+96.7%) to ca. 1.2 tons. According to the forecasts of RusAg’s Center for Industry Expertise the main export subcategory by the end of 2021 will be white caviar, which will be ahead of the red caviar in terms of supply due to wide taste and price range.
The "green recovery" after the pandemic, regulatory initiatives, investor demand for ESG tools and, as a result, competition among financial institutions – all these factors will stimulate the development of ESG financing in Russia. Agribusiness banks of other countries are introducing ESG strategies that can become an example for Russia and the basis for its development – this opinion was expressed by experts participating in the session "IFC + ESG: Rethinking the Mission of Financial Centers" at the St. Petersburg International Economic Forum (SPIEF).