Patrushev reported to Putin about the return of Rosselkhozbank to profit

Rosselkhozbank (RSKHB), according to the results of 2016, was profitable after loss a year earlier. The chairman of the board of the RSHB Dmitry Patrushev told about this at a meeting with Russian President Vladimir Putin on January 30.

According to Patrushev, the bank’s operating profit over the past year amounted to a record 55 billion rubles, and after the creation of reserves, the net profit of the RSHB exceeded 500 million rubles.

“Almost the entire amount of income was aimed at reserves in order to ensure the clearing of the balance from toxic assets. According to our assessment, we overcame the most difficult period in this work, ”he said.

The head of the RSHB added that as of January 1, 2017, the total loan portfolio of the bank exceeded 1.7 trillion rubles. In the framework of the State Program for the Development of Agriculture, more than 1 trillion rubles were issued to borrowers of the agricultural sector - 60% more than in 2015. The volume of loans of the RSHB for seasonal field work for 2016 increased by 37% to 260 billion rubles.

Patrushev did not specify, we are talking about the profit of the RSHB in the RSB (Russian bunch standards) or IFRS (international standards). In 2015, the loss of the Bank for RAS exceeded 75 billion rubles, being a record since 2008. According to IFRS, the loss of the RSHB for 2015 doubled compared to the previous year and amounted to more than 94 billion rubles.

Despite the financial result of the RSHB in 2015, in the same year Dmitry Patrushev became the winner in the Banker of the Year Banker National Banking Prize. In October 2016, Patrushev was also awarded the Order of Honor “For a great contribution to the organization of credit support of the agro -industrial complex”.