As of May 1, 2017, the volume of loans provided by Russian Agricultural Bank JSC (Omsk branch is a member of Omsky Biocluster) as a soft loan to agricultural enterprises amounted to 63 billion rubles. More than 1.5 thousand customers of RusAg from 66 regions of the Russian Federation now do not need to go through complicated procedures for obtaining subsidies and withdraw funds from the turnover - financing was provided to them at a rate of no more than 5% per annum.
Preferential loans are mainly directed to seasonal work, which contributed to the qualitative preparation of agrarians for the spring sowing campaign. RusAg as a key participant in the support program provides the bulk of concessional lending. At present, the Russian Ministry of Agriculture has approved the requests of RusAg clients for a total amount of about 6 billion rubles.
General 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.
Source: Press Service of the Ministry of Agriculture of Russia.
