"Updated State program of agricultural development up to 2025 industry confronts serious challenges: to ensure food security, increase value added, to ensure the growth of exports and fixed capital investment. The role of the RAB as the chief financial assistant to farmers in the process is essential. The interest rate subsidy remains one of the key tools to support the industry. Amount of disbursements under the program of preferential lending is increasing as the financing of agribusiness in General. We will continue to comprehensively promote growth, increasing the efficiency of investment in the agricultural sector", ‒ said the First Deputy Chairman of the Board of JSC "Rosselkhozbank" Kirill Levin.

In the reporting period, the Group delivered growth in its business both in corporate and retail lending and in attracting customer funds, contributing to the formation of a stable diversified funding base, and also provided the necessary operational efficiency and profitability.

The Group credit portfolio (before provisions) for the 1st quarter of 2019 increased by 2.8% (+65 billion rubles) and amounted to 2,355 trillion rubles. The increase was due to the increase in the loan portfolio of legal entities (including loans measured at fair value through profit or loss) 3.4% (+63,2 billion) to 1,919 trillion rubles compared with the beginning of the year. Outstanding loans to individuals at the end of the reporting quarter amounted to 436 billion.

The size of the Group's assets as at the end of the 1st quarter of 2019 amounted to 3,264 trillion rubles, an increase for 3 months 4.8% (+149,5 billion).

During the 1st quarter of the current year deposits and balances on customer accounts increased by 216.5 billion (+8.9 percent) and amounted to 2,638 trillion rubles, including funds of legal entities increased by 184,6 billion (+13.3 percent) to 1,571 trillion. Deposits and account balances of individuals increased with the beginning of the year to 31.9 billion rubles (+3,1%) to 1,067 trillion rubles. At the same time, balances on current and settlement accounts of clients of the Group increased in the reporting period by 8.2%.

The share of customer funds in the total amount of attracted resources increased at the end of the 1st quarter of 2019 to 84.7% compared to 81.7% at the end of 2018. The ratio of loans and deposits (loan-to-deposit ratio) as at 31 March 2019 was 89.3%.

Net interest income for the 3 month 2019 amounted to 16.7 billion rubles. Net fee and Commission income in the 1st quarter of 2019 remained at the level of the same period in 2018 (4.7 billion rubles). Ratio of expenses to net operating income before provisions (Cost/Income) amounted to 1 quarter of 2019 52.6 per cent.

The Group's net profit in the 1st quarter of 2019 amounted to 553 million.

On March 31, 2019 equity of the Group (on balance) amounted to 150.2 billion rubles.

The capital adequacy ratio N1.0 01.04.2019 (in accordance with the requirements of the Bank of Russia) amounted to 14.7%.