Lending for seasonal agricultural works increased by 4.8% in Russia

335
AK&M 14 May 2021 23:20

As of May 4, 2021, the total amount provided by the key banks for seasonal field works reached RUB 262.3 billion, which is 4.8% above the previous year's result, the Ministry of Agriculture informed.

In particular, the Russian Agricultural Bank (RusAg) lent RUB 210.4 billion, Sberbank RUB 51.9 billion. For the same period in 2020, total lending to agricultural businesses and organizations for seasonal field works reached RUB 250.3 billion. In particular, RusAg provided RUB 183.8 billion, Sberbank RUB 66.5 billion.