OREANDA-NEWS. April 28, 2011. Russian Agricultural Bank is one of the main financial institutions ensuring implementation of the State Program on Agribusiness Development 2008-2012, reported the press-centre of RusAg.

Since the start of the State Program, RusAg extended loans for the total amount of RUB 1,035 trillion.

In 2010, RusAg extended RUB 328.8 billion for the Program implementation. In 1Q2011, the volume of lending in the course of the State Program grew by 36% compared to the 1Q2010 and amounted to RUB 93.7 billion.

In accordance with the Bank's lending policy priority is given to those agribusiness areas focusing on import substitution and the development of domestic food production and primary production in order to ensure national food security.