DUSHANBE, January 31, 2012, Asia-Plus — Rosselkhozbank (Russian Agricultural Bank or RAB) is expected to finance enhancement of agrarian sector in Tajikistan.
According to report posted on Rosselkhozbank’s website, the Bank head Dmitry Patrushev met with Tajik Deputy Prime Minister Murodali Alimardon in Moscow on January 26.
The sides reportedly discussed state and prospects of further expansion of partnership in supporting enhancement of Tajikistan’s agrarian sector and issues related to development interbank transactions between financial institutions of the Russian Federation and Tajikistan.
Patrushev and Alimardon signed a framework agreement defining general terms of financing by the Bank of export-import transactions of customers of Tajikistan’s Agroinvestobonk, including purchase of Russian-made agricultural machines and associated equipment, the report said.
Russian Agricultural Bank is the only 100% state-owned bank providing financial services to agribusiness and rural population of the Russian Federation. Established in 2000, the Bank has become the universal commercial bank providing all kinds of banking products and services, and the main pillar of support for the national agribusiness.
Russian Agricultural Bank is number four among the largest Russian banks in terms of assets and is among the top 3 most reliable banks of the Russian Federation. The Bank’s network is the second largest regional branch network in the country with over 1,600 points of sales. The Bank has four representative offices in Belarus, Kazakhstan, Tajikistan and Azerbaijan. Russian Agricultural Bank’s ratings are quasi-sovereign and are of investment grade.
