OREANDA-NEWS. On September 23, 2008 Chairman of the Board and CEO of Russian Agricultural Bank Yuri V. Trushin participated in the Second Russian Agricultural Outlook Forum. He outlined the latest results of the Bank’s activity, reported the press-centre of Russian Agricultural Bank.

In 2008 Russian Agricultural Bank has become a key financial institution in the implementation of the Federal Program on Agribusiness Development 2008-2012 and has extended 113 thousand loans to the total amount of RUR 173 billion.

At present RAB’s total loan portfolio amounts to RUR 405 billion. By YE2008 it will reach RUR 450 billion and will double during the next two years.

As of September 1, 2008 the Bank’s balance sheet total was equal to RUR 1,306 billion. RAB’s capital reached RUR 84.2 billion.

Today Russian Agricultural Bank has the second largest branch network in Russia that includes 78 regional branches and over 1,300 additional offices. By YE2008 the Bank plans to open further 140 offices. A new regional branch will be established in Salekhard, Yamalo-Nenets Autonomous District.