The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

How RAB planted the seeds of Russia’s rural recovery

Fast-growing Russian Agricultural Bank plays a key role in promoting economic development in the Russian countryside. Guy Norton talks to Yuri Trushin, the bank’s chairman, about the challenges it faces.

rab-main.gif

Russia: Denholm Hall gets Sharpe with rouble debt

Russia: Mint Capital takes a fresh approach to private equity

Russia’s hedge fund managers: The long, the short and the tall


ACCORDING TO YURI Trushin, chief executive officer and chairman of the board of Rosselkhozbank (Russian Agricultural Bank or RAB), the bank’s mission statement is a simple one: "We’re the gene fund for Russia." As mission statements go that’s a pretty dramatic one.

It’s a measure of the political importance of the bank’s role in reviving rural Russia – home to 25% of the country’s 140 million population – that RAB was created barely three months after president Vladimir Putin came to power at the start of 2000.

It’s an even greater measure that having been created with just $11 million of seed capital from the government, the bank has now grown at breakneck speed to become one of the country’s top 10 banks. It now boasts a $15 billion balance sheet, $1.2 billion in equity capital, $9 billion in assets and 1,000 offices spanning the length and breadth of the Russian Federation.


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree