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All news / Agricultural Bank of Russia invested 1.2 trillion rubles in agriculture in 2018

  • 07 Feb 2019, 08:57

In 2018 the volume of Rosselkhozbank (RSHB) investments in the country's agro-industrial complex reached a record figure of 1.2 trillion rubles. (+ 6% by 2017). This is reported by the Ministry of Agriculture of the Russian Federation with reference to the head of department, Dmitry Patrushev, who held a meeting of the supervisory board of the bank on January 31.

According to him, RSHB increased lending of seasonal work by more than 20%, the issuance of long-term loans in the agro-industrial complex grew by almost 11%.

In 2019, Patrushev expects the RSHB to continue its sustainable growth and active participation in supporting the industry. Chairman of the Board of Rosselkhozbank Boris Listov noted that this year the financial institution will focus on increasing the availability of credit funds for small forms of business, will develop products and competencies to support the export activities of domestic farmers.