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Russian Agricultural Bank will be recapitalized

The RusAg Supervisory Board (the Omsk branch is Omsky Biocluster member) approved the capitalization of the credit institution for RUR 14.6 billion ($ 228.2 million), the bank said.

 

Additional capitalization is planned before the end of the year. The funds will be multiplied and directed to expand financing of the agricultural sector, primarily to support the export of agricultural products.  

 

Source: milknews.ru.

  • Omsky Biocluster Press Service
  • 27 November 2019