Lending for field work to Russian agriculture sector 22.4% higher than last year - AgMin
MOSCOW. July 23 (Interfax) - Lending for seasonal field work to the Russian agriculture sector totaled 215.55 billion rubles as of July 19, up 22.4% compared to the same period last year, the Agriculture Ministry said.
The Russian Agricultural Bank (RusAg Bank) issued loans worth 168.85 billion rubles, up 12.9% on 2017. Lending by Sberbank soared 76% to 46.7 billion rubles.
The Agriculture Ministry said that for 2017 as a whole, a total of 317 billion rubles in loans was issued for seasonal field work. RusAg Bank issued 270.87 billion rubles and Sberbank - 46.15 billion rubles.