The volume of funds provided by the Russian Agricultural Bank (Omsk branch is a member of Omsky Biocluster) to agricultural producers within the soft loan mechanism reached 100 billion rubles ($ 1738.07 million). RusAg is the key partner of the Ministry of Agriculture of Russia for this program, providing the bulk of soft loans at a rate of no more than 5% p.a.
A large amount of funds (about 30%) was provided by RusAg for the development of crop production, which contributed to the overall intensification of this sphere and, as a result, to increase the yield of cereals and legumes in 2017. According to the forecasts of the Ministry of Agriculture of Russia, the harvest of the current year may become a record for the last 100 years and amount to about 130 million tons.
About 2000 borrowers used the Bank's support within of preferential mechanisms.
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.
