Russian Agricultural Bank
|Address of head office||3 Gagarinsky Pereulok, 119034, Moscow, Russian Federation|
|Phone||(495) 203-40-98, (495) 363-02-77|
About the bank: Russian Agricultural Bank (RusAg) is a 100% state-owned bank regulated by the Bank of Russia. RusAg is one of the leading financial institutions providing lending support to Russian agribusiness.
Russian Agricultural Bank acts as a Government agent providing financial services to agribusiness and rural population, which makes up 27% of the total population. Russian Agricultural Bank plays a key role in the implementation of the State Program on Agribusiness Development. The Bank's development role is based on its good knowledge of the Russian agribusiness sector. RusAg offers a large product range oriented on the target market segment and its wide regional coverage.
Today, Russian Agricultural Bank’s network of 78 regional branches and over 1500 additional offices covers the whole territory of the Russian Federation and is the second largest regional branch network in the country. RusAg’s local presence provides a significant marketing advantage and access to regional client base.
Russian Agricultural Bank provides banking services nationwide to over two million clients. The Bank's policy is to make the whole range of banking services available to its clients both in urban and rural areas.
The Bank is actively supported by the Government of the Russian Federation in terms of capitalization. To date the Government has provided Russian Agricultural Bank with 16 capital injections. Latest of RUB 40 billion (ca. USD 1.3 billion) in December 2011. Following the December increase, the Bank’s share capital reached RUB 148.8 billion (ca. USD 4.7 billion) in accordance to IFRS.
In 2011, Russian Agricultural Bank demonstrated positive dynamics of its key performance indicators in compliance with management plans. Loan portfolio of the Bank grew by 31% and exceeded RUB 980 billion (ca. USD 30.4 billion). Corporate loan portfolio increased by 26%, and retail loan portfolio – by 73%. According to IFRS, RusAg’s total assets grew by 38% and reached about RUB 1.3 trillion (ca. USD 40.4 billion) as of January 1, 2012. The volume of customer accounts increased by 57% y-o-y. Increase in lending to customers facilitated the growth of income from main activities in 2011. Net interest income grew by 3.9%, compared to 2010, while net fee and commission income – by 49%. RusAg’s strong operating results give grounds for an optimistic outlook for the current year.
Russian Agricultural Bank credit ratings:
Issuer Default Rating – BBB, stable
National Long-term Rating – AAA(rus), stable
Long-term deposit rating – Baa1, stable
National scale rating, long-term – Aaa.ru
Russian Agricultural Bank ranks number four among the largest banks of the Russian Federation by assets and capital according to RBC Rating and Interfax, and RusAg is number 212 by capital in the World Top-1000 banks rating according to the July 2011 issue of “The Banker” magazine.
Сurrent bank rate.