MOSCOW, August 11 (RIA Novosti) -- Rosselkhozbank, Russia's state-run agricultural bank, said Friday its pre-tax profit had increased 1,100% in the first six months of this year year-on-year to 1.3 billion rubles ($48 mln).
The bank, which also acts as a government agent in state and international support programs for the country's agriculture sector, issued a total of more than 67 bln rubles ($2.48 bln) worth of loans in the first half of the year, including 17.3 bln rubles ($604 mln) as part of the Agro-Industrial Development national priority project.
The bank is on a list of the country's top 30 banks published by the Central Bank. It had IFRS total assets of 57.04 billion rubles (about $2.1 billion) on January 1, 2006
