The priorities of Russian agricultural Bank in supporting exports APK Maxim Lyubomudrov called financing of technological re-equipment of the enterprises to facilitate the growth of commodity mass, the use of support measures and the acceleration program to assist new companies in entering foreign markets. On January 1, 2020, the credit portfolio of export-oriented agricultural enterprises in agricultural amounted to 226 billion, which is 17.1% higher than a year earlier. The Bank plans to maintain and increase the pace of lending.
"It is important that the achievement of the targets for exports play an important role not only agricultural holdings. In 2019, the highest growth rate of the agricultural Bank has achieved in promoting the export potential of small and medium agribusiness. Loan portfolio as of 1 January 2020 showed an annual growth of 65% and the number of export-oriented SMEs that are customers of the Bank increased by 14% and reached almost 1,000," – said on the forum Maxim lubomudrov.
The success of agricultural development agroexporting areas largely associated with the development acceleration program for the withdrawal of exporters to foreign markets and the use of state support measures. In the framework of the acceleration program of the agricultural Bank provides exporters of agricultural products a full range of opportunities to raise export financing, structuring of foreign trade transactions, international payments, guarantees and letters of credit under foreign trade contracts, implementation of conversion operations on favorable terms. The Bank provides traders with comprehensive Advisory support, including in terms of organization of financing of foreign trade contracts using a wide network of correspondent relations.
Among the leading directions of growth of domestic AgroExport by 2024 are considered grains (from 10.5 billion in 2018, provides for an increase to 11.4 billion us dollars), oil and fat industry (from 3.2 to $ 8.6 billion), food and processing industry (from 3.5 to 8.6 billion dollars), and fish and seafood (from 5.2 to 8.4 billion dollars).
JSC "Rosselhozbank" is the basis of national credit and financial service system of agroindustrial complex of Russia. The Bank was founded in 2000 and today is a key lender to the agriculture of the country, is among the largest and most stable banks in the country in terms of assets and capital, as well as the leaders of a reliability rating of the largest Russian banks.
Translated by service "Yandex.Translation"