Loans to Russian farmers rise by 4.7% to 994 bln rbl by Nov 7

MOSCOW, Nov 14 (PRIME) -- Russian banks increased lending to agricultural producers for the seasonal field works by 4.7% on the year to 994 billion rubles by November 7, the Agriculture Ministry said in a statement on Tuesday.

Russian Agricultural Bank provided 697.7 billion rubles worth of loans, while Sberbank disbursed 296.3 billion rubles of loans.

(92.1185 rubles – U.S. $1)

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