In 7M 2020, Russian Agricultural Bank (RusAg, the Bank) issued RUB 253.9 billion to agricultural producers for seasonal works. The demand for seasonal works financing by the Bank among agribusiness companies increased by 27.4% as compared to the same period of 2019. The total volume of loans issued by RusAg to agribusiness borrowers increased by 28.8% as compared to the same period of last year, and amounted to RUB 885.9 billion.
Russian Agricultural Bank Group (RusAg, the Group) announces its interim condensed consolidated financial results for 6M 2020 according to International Financial Reporting Standards (IFRS).
In the framework of cooperation between Russian Agricultural Bank (RusAg, the Bank) and Russian Export Center JSC (REC), parties have agreed to hold a series of webinars for agricultural producers in order to increase the level of export literacy of start-up companies. Joint events are designed to inform agribusiness about promotion opportunities and export support programs.
Russian Agricultural Bank (RusAg, the Bank) has come first in two of eight nominations at the XVIII annual national contest “Dealer of the Year” (The Best Dealer & Desk Awards), organised by the Moscow Interbank Currency Association and the Commonwealth of Financial Market Professionals. In another nomination the Bank took second place.
By the end of 2020, Russian Agricultural Bank (RusAg, the Bank) intends to boost its rural presence to 97.2% (up 25.7 percentage points (p.p.)), by operating through branches or representatives.
Experts from VR_Bank and the Skolkovo Foundation have ranked RSHB-Life Insurance among top 10 life insurers by digital transformation as they assessed digitalization efforts of the top 45 insurance companies by looking at the size of premiums they collected in 1H 2020 (net of compulsory health insurance).
On 29 July, Chairman of the Board and CEO of Russian Agricultural Bank Boris Listov, Tyumen Region Governor Alexander Moor and Chairman of Board of Directors of Damate Group Naum Babaev signed an agreement to construct a pedigree turkey breeding farm for 12 million eggs per year and a pedigree sheep breeding facility for 4,000 ewes – projects that will create around 300 jobs in Tyumen Region.
Russian Agricultural Bank (RusAg, the Bank) has won the contest “Best SME Banking Programme 2020” of the Chamber of Commerce and Industry of the Russian Federation (CCI of Russia). To identify the winner, representatives of the business community have reviewed service programs for small and medium-sized enterprises (SMEs) from the key Russian banks.
On 29 July, Chairman of the Board and CEO of Russian Agricultural Bank Boris Listov and Tyumen Region Governor Alexander Moor signed a cooperation agreement and launched, together with General Director of Damate Group Rashid Hairov, the third dairy production line for 4,600 cow stalls to annually produce 55,000 tonnes of milk.
In 1H 2020, Russian Agricultural Bank (RusAg, the Bank) issued RUB 222.9 billion to agricultural producers for seasonal works, which is a 15% growth as compared to 2018. The total volume of loans issued by RusAg to agribusiness producers increased by 27.4% compared to the same period of last year and amounted to RUB 742.0 billion.