RUSSIAN AGRICULTURAL 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 about 30% 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 73 regional branches and about 1,200 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 5.9 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. As at 30 September 2016, RusAg’s gross loans amounted to RUB 1.826 trillion expanding by 1.1% from YE 2015. Retail loans grew by 8.1% up to RUB 320.8 billion. Corporate loan portfolio stayed almost flat as compared to YE 2015 (RUB 1.5 trillion). In 9M 2016, the Group’s customer accounts being the core funding source grew 27.8% and amounted to RUB 1.521 trillion. Corporate customer accounts increased 35.2% up to RUB 950.6 billion, retail accounts – 17.2% up to RUB 570.1 billion. In 9M 2016, RusAg grew its income at a high rate while efficiently managing costs. Interest and fee and commission income rose 26.6% year-on-year. The Group increased its net interest income threefold up to RUB 42.8 billion as compared to RUB 14.9 billion in the same period of 2015. Net fee and commission income increased 18.4% to RUB 10.2 billion in 9M 2016 versus RUB 8.6 billion in 9M 2015. Russian Agricultural Bank is among top ten banks of the Russian Federation and ranked No. 342 among Top-1000 banks globally in terms of Tier 1 capital according to the July 2016 issue of «The Banker» magazine.