OREANDA-NEWS. October 28, 2009. The Supervisory Board of Russian Agricultural Bank met to discuss the Bank’s performance during January-September 2009, reported the press-centre of RusAg.

Throughout this period RusAg’s loan portfolio has continued on the upward curve, with its average monthly growth rate amounting to 3%. In 2009, the Bank extended loans totaling RUR 301 billion and demonstrated a 26% growth as compared to the respective period of 2008.

Since the start of 2009, RusAg, acting in the framework of the State Program on Agribusiness Development, has extended over 86 thousand loans to the total amount of RUR 228 billion.

By the end of 2009, the Bank’s loan portfolio is expected to grow to RUR 650 billion, which translates to 40% growth yoy.

The agenda of the meeting also comprised such items as the opening of Bank’s representative office in Azerbaijan, RusAg’s participation in Eurasian Association of Agribusiness Lending, charity and sponsorship events.