The head of Rosselkhozbank announced loan growth in AIC
The economic situation in Russia has improved for the last year, which enables AIC enterprises take more loans, stated Dmitry Patrushev, the head of Rosselkhozbank, at the meeting with Prime Minister of the Russian Federation Dmitry Medvedev.
“AIC is a driving force for economic development, investment projects are being implemented and we see a great demand for loans”, - said Dmitry Patrushev.
As of October 1 2016, the bank aggregate loan portfolio had increased by 6%, up to 1.7 billion rubles, the loan portfolio for AIC had exceeded 1.1billion rubles (5% growth), said the head of the Russian Agricultural Bank “Rosselkhozbank”.
“The total amount of loans given during this period is 1.2 billion rubles. The growth is much higher in comparison with the previous year (by 32%). It is related to the fact that at the beginning of the previous year lenders did not use loans very much and could not foresee the future economic situation. Now the situation has improved, conditions are more favourable, lenders understand what they want so they take loans”, - he added.
Dmitry Patrushev also noted that the bank gives loans for seasonal agricultural work, in 2016 the bank has already provided loans amounted to 183 billion rubles.