RusAg has transferred funds in full for the payment of coupon income on RSHB CAPITAL S.A. Eurobonds (ISIN: XS0979891925) maturing in October 2023 in rubles. The transfer of funds to service the debt on Eurobonds was carried out in accordance with the procedure established by Decree of the President of the Russian Federation as of 5 March 2022 No. 95 “On the temporary procedure for fulfilling obligations to certain foreign creditors”.
The St. Petersburg Stock Exchange began trading shares of Hong Kong and Chinese companies, securities of 12 issuers are available to Russian investors. Russian Agricultural Bank analysts spoke about the opportunities and risks of their purchase.
RusAg analyzed the loan portfolio of its retail clients in H1 2022. According to the data received, since the beginning of 2022, more than 4,000 Russian families have improved their living conditions.
RusAg is implementing a Russian solution for working with cloud technologies, which will soon be available to developers and testers.
During the discussion panel "Sustainable agriculture is a priority for the state and business" at the 25th St. Petersburg International Economic Forum, Director of the Center for the Development of Financial Technologies of Russian Agricultural Bank identified key points for the accelerated development of the agribusiness.
The motto of the 25th St. Petersburg International Economic Forum (SPIEF) is “New World – New Opportunities”. Representatives of dozens of countries attended the forum. Among the countries that did not support the sanctions against Russia (more than 180 countries of the world), RusAg’s experts chose the top 20 fastest growing agribusiness markets, using indicators of the growth rate of GDP per capita and population until 2030. Egypt, Saudi Arabia, Syria, Pakistan, the Philippines and 15 African countries were on the leaderboard. Over the past year, the designated top 20 countries1 imported agricultural products from Russia for USD 3.4 billion, which accounted for 9% of exports of agricultural products from Russia in monetary terms. According to the Bank forecasts, this share can grow up to 20% in 2 years.
The growth of the investment attractiveness of agricultural sector and its development towards high technologies make the sector more attractive for qualified and ambitious IT specialists. This point of view was expressed by Elena Baturova, Director of the Center for the Development of Financial Technologies of Russian Agricultural Bank during the session “Digitalization of business in an era of uncertainty” at the St. Petersburg International Economic Forum.
By the beginning of summer 2022, the regional network of Russian Agricultural Bank (RusAg, the Bank) includes 1,542 points of sale in 82 regions of the country. Of these, 1023 points that is over 66% are located in small towns and rural areas. The Bank provides 100% coverage of rural areas, including through the organization of work of the authorized representatives providing consulting services.
Launched in May 2021, Russian Agricultural Bank’s (RusAg, the Bank) rural development platform ‘Svoe Selo’ was visited by over 1 million users in the first year. The number of suburban real estate objects located on the platform also exceeded 1 million. More than 1,500 house projects accumulated there – this is the largest database of country house projects in Russia.
The projected high grain harvest in Russia and population growth rates in the Middle East and Africa allowed Russian Agricultural Bank (RusAg, the Bank) experts to identify a group of countries that are promising in terms of increasing exports. This group, according to the Bank’s Center for Industry Expertise, includes Saudi Arabia, Egypt, Ethiopia, Tanzania, Mozambique, Benin and Niger.