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The Russian agricultural Bank said the growth of lending to the agriculture
The situation in the Russian economy over the past year has improved, which allows the enterprises of agroindustrial complex of the country more confident to borrow
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This was stated by the head of Rosselkhozbank Dmitry Patrushev at the meeting with Prime Minister Dmitry Medvedev.

"Agriculture is a driver of economic development, growing investment projects are implemented and, in principle, we see substantial demand for loans", — said Dmitry Patrushev.

According to 1 Oct 2016, the total credit portfolio in annual terms increased by 6% to 1.7 trillion rubles, credit portfolio in agriculture, has exceeded 1.1 trillion rubles (an increase of 5%), said the head of Rosselkhozbank.


"The total volume of lending over this period amounted to 1.2 trillion rubles, the growth is much higher compared to the previous year by 32%. This is due to the fact that in the beginning of last year is not particularly active, our borrowers have resorted to credit money, do not really understand that the economy will be. Now the situation has improved, they are in a more comfortable environment, you know where to go and therefore take the loans", — said Dmitry Patrushev.


Dmitry Patrushev also noted that the Bank actively lends to seasonal agricultural work, in 2016, these goals have been issued credits to 183 billion rubles.

Rosselkhozbank was established in 2000, owned by the state are 100% of the shares of the Bank. According to RIA rating, the agricultural Bank on October 1, 2016, with assets of $ 2,863 trillion rubles, took sixth place among the Russian banks. The main objective of the Bank – providing banking services of the agroindustrial complex of the Russian Federation, participation in implementation of state target programs of development of agriculture.



Translated by service "Yandex.Translation"
Источники: РИА Новости
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