19 december 2008
First Deputy Prime Minister Viktor Zubkov chaired a meeting of the Supervisory Board of Russian Agricultural Bank, Rosselkhozbank
The Supervisory Board heard reports on the bank's operation amid tight and unstable financial markets.
The meeting participants also discussed target performance indicators for 2009. The bank plans to issue a total of 411 billion roubles in loans to farming. The priority projects will include grain interventions, financing of animal farms earlier funded by the bank, sowing and harvesting, and acquisitions of farming machinery and equipment.
The bank's loan portfolio is expected to grow by 30% by January 1, 2010.