Russian Agricultural Bank became the leader of the Anti-Corruption Rating

06 October 2021

RusAg was awarded the highest category in the 2021 Anti-Corruption Rating of Russian Business. The rating, which includes the country’s largest companies, is presented by the Russian Union of Industrialists and Entrepreneurs (RSPP) as part of the annual Russian Business Week.

The activity of RusAg is confirmed at the highest level – “class A1”, as a company with the highest level of anti-corruption measures and the lowest level of threat to investors, creditors, business partners and other interested parties.

Independent experts, in collaboration with the Compliance Control Department, conducted a comprehensive assessment of the RusAg’s correlation with the international standard ISO 37001:2016 “Anti-Corruption Management Systems – Requirements and Recommendations for Application” and the Anti-Corruption Charter of Russian Business. The specific indicator of compliance of the Bank’s activities with the standard was 95.80%, according to the results of RusAg entered the TOP-10 companies.

The assessment of the expert community confirms the high efficiency of anti-corruption measures in the Bank. The final report of the Russian Union of Industrialists and Entrepreneurs notes that the anti-corruption policy of Russian Agricultural Bank is characterized by effective and modern approaches. The high level of organization of compliance risk management processes in the areas considered was also noted.

The rating is being held for the second year in order to increase the openness and transparency of Russian business. This year, 59 largest companies of the country took part in it, including top-5 financial institutions.