Agricultural Bank exceeded the plan of lending to small businesses in rural areas


 Photo source:radikal.ru

Agricultural Bank in the first half of 2011 increased the amount of the loan portfolio of small businesses in rural areas to 63.6 billion rubles. The business plan for lending this category of borrowers exceeded by more than 5%.

This was made possible, in part due to systemic measures taken by the Bank in 2011: lower interest rates, simplification of procedures for consideration of applications, optimization of collateral requirements.

Lending to small businesses in rural areas is one of the priorities of the Agricultural Bank. The Bank provides credit support of the peasant (farmer) economy, individual entrepreneurs, agricultural consumer cooperatives, agricultural credit consumer cooperatives, which are also relevant to smallholder farms.


 Photo source:radikal.ru

In the first half of 2011, small businesses Agricultural Bank has granted loans of 10.1 billion rubles more than in the same period last year. In this case, the bulk of the loan portfolio of small businesses — 39.4 billion rubles — are loans granted to the peasant (farmer) economy. In this category of small agricultural enterprises there is the marked increase in the volume of lending. In the first half of the farms were granted loans of 16.8 billion rubles, which is 6.6 billion rubles more than in the same period last year. As a result, farmers' loan portfolio since the beginning of the year increased by 26%.

On loans to individual entrepreneurs, Agricultural Bank portfolio increased during the first half of 2011 by 40.6% to 15.0 billion rubles. In 2011, private entrepreneurs have received loans of 2.8 billion rubles more than in the same period last year.

The loan portfolio of agricultural consumer cooperatives and agricultural credit consumer cooperatives in the aggregate in the first half of the year reached 9.3 billion rubles, an increase from the beginning of the year by 8.5%.

Regionally, the most active loans to small businesses in the village in Dagestan, Kabardino-Balkaria, Kalmykia, Mordovia, Altai and Krasnodar Krai, Astrakhan, Voronezh, Omsk, Orenburg and Rostov regions. In each of these regions of the loan portfolio of the branches of Agricultural Bank for small businesses is more than 1.5 billion.

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