Rating agency National Credit Ratings (NCR) has assigned an AA+.ru national-scale credit rating with a Stable outlook to Russian Agricultural Bank (RusAg, the Bank).
Russian Agricultural Bank has published interim disclosed consolidated financial information in accordance with International Financial Reporting Standards (IFRS) for the 1H 2023. According to the financial results of Russian Agricultural Bank Group (RusAg Group, the Group) for the 1H 2023, the Group's net profit amounted to RUB 15.3 billion, which is more than three times higher than the result for the whole year 2022.
Russian Agricultural Bank has published interim disclosed consolidated financial information in accordance with International Financial Reporting Standards (IFRS) for the Q1 2023.
For 22 years, Russian Agricultural Bank (RusAg, the Bank) has participated in the implementation of more than 5.4 thousand agribusiness investment projects. Denis Konstantinov, Deputy Chairman of the Board of the Bank, announced this at the Caucasus Investment Exhibition in Mineralnye Vody.
In 4M 2023, Russian Agricultural Bank (RusAg, the Bank) issued rural mortgage loans for over RUB 10 billion. More than 2.5 thousand families were able to improve their living conditions.
Russian Agricultural Bank (RusAg, the Bank) provided RUB 109 billion to small, medium and micro businesses in agriculture in 2022, increasing issuance by 7%. Alexey Senokosov, director of the Stavropol Regional Branch of RusAg, spoke about financial and non-financial measures to support farmers at the Caucasus Investment Exhibition in Mineralnye Vody.
Russian Agricultural Bank and Rosprirodnadzor are implementing a series of environmental measures aimed at protecting water bodies and their ecosystems. These activities are joint environmental initiatives implemented by the Ecology Foundation and Rosprirodnadzor in 2023.
During Q1 2023, Russian Agricultural Bank (RusAg, the Bank) issued RUB 118.2 billion to the agricultural sector on preferential terms, which is 26.2% higher than the result for the same period last year. General volume of loans provided to farmers remained at the level of 2022 and amounted to RUB 382 billion. Thus, if in the Q1 of last year every fourth ruble was issued on preferential terms, then this year it is already almost every third.
Russian Agricultural Bank Group (RusAg, the Group) has published the summary consolidated financial results for 2022 in accordance with International Financial Reporting Standards (IFRS).
On 30 March 2023, Russian Agricultural Bank (RusAg, the Bank) held the Extended Meeting of the Management Board of the Bank with the participation of the heads of regional branches, during which the participants discussed the results of the banking network in 2022.