OREANDA-NEWS. October 13, 2011. Russian Agricultural Bank (RusAg) has been steadily expanding its corporate lending, reported the press-centre of RusAg.

RusAg’s corporate loan portfolio reached RUB 774 billion as of September 1, with a total growth rate at 19.4% from the beginning of the year 2011. The number of loan contracts signed grew by 22% and made up more than 67,000 totally.

The amount of loans for current needs with a credit term up to 2 years reached RUB 383.4 billion with a 30% growth rate as of September 1, 2011.

Offering long-term investment loans (up to 10 years) the Bank makes it available for agribusiness enterprises to launch projects on construction and modernization of production facilities. The amount of such loans reached RUB 390.6 billion which is 10% growth to the beginning of the year. Over 35% of investment loans go for animal breeding complexes reconstruction. The growth in this niche is 4% with RUB 137.6 billion in total numbers.

Russian Agricultural Bank is also active in lending to crops-related industries. Its loan portfolio in this sector reached RUB 11.3 billion with a growth rate at 28%.