RusAg's retail loan portfolio exceeds RUB 500 billion

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AK&M 18 September 2020 16:03

In September 2020, the retail loan portfolio of Russian Agricultural Bank (RusAg) exceeded RUB 500 billion. Mortgage loans accounted for 61%, other credit products for 39% of the bank's portfolio.

For the 8-month period in 2020, the bank provided more than RUB 145 billion in retail loans. Mortgage loans almost reached RUB 84 billion growing by 58% year-on-year.

RusAg is one of the leaders in the Russian retail lending market and one of the largest banks in terms of the retail loan portfolio.

Joint stock company Russian Agricultural Bank (JSC Rosselkhozbank / RusAg, tax number: 7725114488) was founded in March 2000 to provide services to agricultural companies. Today, the bank is among the top ten banks of the country. Rosselkhozbank ranks second in the branch network comprising more than 1,500 departments countrywide, more than half of them in minor towns and villages. The bank's representative offices are operating in Belarus, Kazakhstan, Tajikistan, Azerbaijan and Armenia. The sole shareholder of Rosselhozbank is the Russian Federation represented by the Federal Agency for State Property Management.