During its activity, Russian Agricultural Bank (RusAg) has supported the implementation of 3 636 investment projects for the construction, reconstruction and modernization of livestock facilities with a total funding of about 400 billion rubles. Dmitry Patrushev, Chairman of the Board of RusAg, said this on the results of his participation in the working meeting between the Chairman of the Government of the Russian Federation Dmitry Medvedev and the leading livestock enterprises of Tambov region.
About 3,000 objects with the Bank's participation have already been built and are successfully operating, which allowed to increase domestic production of milk, beef, pork and poultry by hundreds of thousands of tons.
"Our country has a significant potential in animal husbandry - we have practically replaced the import of pork and poultry and now we are actively entering foreign markets where consumers, in the Asian region in particular, have a great demand for high-quality and environmentally friendly meat products from Russia. We need to increase production volumes in order to fully meet domestic needs for other types of meat, and also to become one of the world leaders in export markets. Participating in these tasks, RusAg is constantly increasing the amount of financing for the industry. So, since the beginning of this year, we have already given out 33 billion rubles to the livestock enterprises, which is 86% more than in the same period last year," said Dmitry Patrushev.
In 2016, RusAg increased its lending to livestock, including mixed destinations, by 9%, and provided loans to the borrowers in the amount of 109 billion rubles. The loan portfolio of the Bank in this segment currently stands at 357 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.
