During his working visit to the Omsk region, First Deputy Chairman of the Board of Russian Agricultural Bank JSC (Omsk branch is the Omsky Biocluster member) Kirill Levin met with the Deputy Chairman of the Omsk region Government Dmitry Ushakov. The parties discussed the expansion of collaboration, including in terms of financing export-oriented companies and promising areas of the agro-industry development.
RusAg provides stable financing for the agroindustry of the Omsk region for 19 years. Kirill Levin outlined the interest of RusAg in expanding the collaboration on the further development of the agro-industry in the region, including taking into account the high export potential.
"Russian Agricultural Bank is constantly improving its work. The current year is recognized by the Bank as the Year of the Regions. We intend to hold a series of meetings with the leadership of the Russian regions in order to better understand current needs, including taking into account regional specifics and ambitious plans of the country to increase exports. Bank is also interested in the implementation of investment projects in the Omsk region aimed at the development of the agro-industry and related industries. During the work, about 40 projects for the construction and modernization of agricultural facilities were implemented," Kirill Levin said.
The Deputy Chairman of the Government of the Omsk region emphasized the importance of maintaining the pace of interaction with the bank. "The Omsk region is one of the largest agrarian Russian regions. Our region is actively developing crop and livestock production. State support for the agro-industry annually amounts to about RUR 5 billion ($ 79.27 million). We hope RusAg will continue to support the planned development of agriculture in the region," Dmitry Ushakov said.
During his working visit, Kirill Levin visited a large confectionery enterprise in the region, Sladunitsa Group. The company sells its products in 7 federal districts of Russia, as well as exports to neighboring countries and to the People’s Republic of China.
Russian Agricultural Bank has been working in the Omsk region since 2000. The total loan portfolio of the branch as of June 1, 2019 is RUR 11.5 billion ($ 182.32 million). Over the years, more than RUR 111 billion ($ 1.76 billion) have been invested in the region’s economy, of which RUR 82 billion ($ 1.3 billion) have been invested in the agro-industry. Only from the beginning of 2019, the Bank issued about RUR 3 billion ($ 47.56 million) to the borrowers of the agro-industry of the region.
Information: Russian Agricultural Bank JSC (RusAg) is the basis of the national credit financial system, specializing in banking services for agricultural sector in Russia. The bank was established in 2000 and is a key creditor of the country’s agribusiness. It ranks among the top major banks of the country in terms of assets and is one of the leaders of the Russian bank reliability rating. 100% of the voting shares of the Bank belong to the Russian Federation.
