Russia: Lending for seasonal field work increased by 6.1%

Published Nov 22, 2024

Tridge summary

The Russian Ministry of Agriculture is monitoring the agro-industrial complex's lending, reporting a 6.1% increase in loans issued by key banks, totaling approximately 1.1 trillion rubles as of November 19, 2024. This represents a significant increase from the previous year. The largest contributions to this total have been made by Rosselkhozbank and Sberbank, with loan volumes of 748.9 billion rubles and 357 billion rubles respectively. The Rostov Region, Krasnodar Krai, and Belgorod Region have been the main recipients of these loans, receiving 128.4 billion rubles, 120 billion rubles, and 93 billion rubles respectively.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Russian Ministry of Agriculture is conducting operational monitoring in the field of lending to the country's agro-industrial complex. As of November 19, 2024, the total volume of loans issued by key banks for seasonal field work amounted to about 1.1 trillion rubles. This is 6.1% higher than the figure for the same period last year. In particular, Rosselkhozbank increased the volume of loans for these purposes by 3.3% to 748.9 billion rubles, Sberbank - by 12.5% to 357 billion ...
Source: Zol

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