Russian Financial Control Monitor

MOSCOW. Russian Agricultural Bank’s portfolio of corporate loans reached RUR960bn on August 1, 2013. In the first seven months of the year, the bank issued over 24,000 corporate loans to an aggregate sum of RUR371bn ($11.2bn, or €8.4bn), up 35% from the same period of 2012, the bank said in a statement. Over 30% of all corporate loans went for investment purposes: purchase of agricultural equipment, construction and modernisation of animal-breeding farms, poultry farms and fish-breeding farms. The biggest sum of loans, over RUR162bn ($4.9bn, or €3.7bn), was issued to corporate clients in the Central Federal District. Loans in the Volga federal district totalled RUR88bn ($2.66bn, or €2bn) and in the Siberian Federal District over RUR30bn ($907.44mn, or €680.3mn).

2023-10-08 11:42:18