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“Russian agricultural Bank” suffered a loss by another 9.8 billion

"Россельхозбанк" понес убытки еще на 9,8 млрд рублей

“Russian agricultural Bank” continues to leave “in a minus”. Losses kompensiruet injections from the Federal budget.

In January — September the net loss of the organization according to IFRS was 9.8 billion rubles, said in the Bank’s statements, RIA Novosti reported.

Assets decreased by 70 billion rubles from 2.89 to 2.83 trillion rubles.

Until the end of the year Rosselkhozbank will receive 20 billion rubles in the form of a direct contribution to the capital, said the head of the government of the Russian Federation Dmitry Medvedev at a meeting with the Chairman of the Board of Bank Boris Leaf. In Rosselkhozbank hope this will cover last year’s net loss of 19.5 billion rubles.

In the past year, the Bank received a budget of 50 billion rubles, and since 2010 more than 300 billion to about 500 billion the Treasury pumped Bank fiscal deposits, the volume of which is second only to Rosselkhozbank, VTB and Gazprombank, reminds Finanz.

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