History of the Agricultural BankHistory

History of the Agricultural BankHistory of the Russian agro began in the XVIII century, when the government first attempted to form a civilized system of finance for the European model. Opened while the first Russian credit organization "Coin office" was an institution where members of the nobility and the merchants could get a loan.Important initiative continued Empress Elizabeth: its decree in 1754 opened Noble Loan Bank in Moscow and St. Petersburg. At first these institutions continue to lend to the nobility, but later, according to the order of 1766, they began to lend to farmers.By 1796, the assets of the nobility's bank balance is shifted to the newly formed "State Loan Bank", which supported agriculture loans for small and large landowners. As such, the banking system has existed up to the accession of the Emperor Alexander I, who in 1817 decided to establish a "National Commercial Bank." Gradually, the bank acquired a large network of regional offices, which are open in the major cities of Tsarist Russia - Moscow, St. Petersburg, Kiev and others. This bank can be considered the prototype of the modern historical RAB.Crucial for agricultural lending in Russia was in 1882, when he began his work State peasant land bank. With it, the state plans to complete the reform of serfdom - had to buy land from the owners, the nobles and a land bank to give credit to farmers. In the period from 1883 to 1895 National Peasant Land Bank issued a total of 15,000 loans, the total amount of which totaled about 82 million rubles.A similar problem, but for a different segment of the population, the State decided noble land bank. Founded in 1885, it was intended to support the noble estates that were ruined because of the abolition of serfdom, the peasants began to leave the village for the sake of quick money in urban factories, and the landlords were in a difficult position. To fix a bad situation, the bank began to issue long-term debt large owners of the Russian countryside.National Peasant Land Bank and the State Bank of noble land together to form an integrated system of rural credit and land management of the Russian Empire. Based on this structure, we created a single State Bank, with which the government pursued economic policies at the national level. By World War II is a financial institution was one of the largest banks in Europe.Barely two months after the revolution, the State Bank took control of the Soviet government. All commercial banks in Russia have been merged with the State Bank in December 1917, he got a new name - the National Bank of the Russian Republic, and since 1923 - State Bank of the USSR.Since the bank began the new economy of the state. The main tasks of the State Bank of the USSR are paper money, financing of the economy and the budget and budget activities. In January 1930, banks have formed long-term investments, which in a year are functional units of the State Bank: Prombank, Selkhozbank, Vsekobank and Tsekombank. As such, the monetary system existed until April 1959 - since that time the State Bank begins to independently perform tasks of their units. The main branch of the State Bank lending is agriculture. Under Soviet rule 90% of the total amount of loans issued in the country accounted for agricultural loans, the remaining 10% - industrial loans.In 1987, during the "perestroika" going reform of the banking system: from the State Bank of the USSR stands Agroprombank - specialized bank loans only to agriculture. At the time, was the largest Agroprombank Selkhozbank world - its network consisted of 35,000 missions over the Soviet Union, the equity amounted to 400 billion rubles, employs 110,000 people.Agroprombank continued to operate after the collapse of the Soviet Union, much of the infrastructure and resources of the bank has been saved. During 90 years of the last century, agricultural bank changed name and status - from public to private and back, but the nature of the activity and its goal has always remained the same.Late 90's was a difficult period for agriculture - industry needs funding from the state. After a major crisis in 1998 it was necessary to set up a bank only with 100% state-owned - so it was possible to ensure the establishment of a new system of agricultural credit to revive the rural economy and to support the agricultural sector.March 15, 2000, the Acting President of the Russian Federation Vladimir Putin has signed a decree № 75-p on the establishment of the Russian Agricultural Bank - credit organization that is 100% owned by the state. The President set a goal to develop on the basis of national RAB-bank financial service system manufacturers in the field of agricultural production.Agricultural Bank started to develop from the first day of work. In June 2000, the bank received from the Central Bank of Russia license for banking operations № 3349, and in September the Agricultural Bank started servicing clients and began to open correspondent accounts. In December 2002, the bank launched operations with funds of individuals.In 2006, the Agricultural Bank was one of the key participants of the priority national project "Development of agriculture", whose main purpose was to develop the agricultural sector of the Russian economy and food security of the country. During the implementation of the national project in 2006 - 2007 years. Agricultural Bank provided more than 300,000 loans totaling more than 150 billion rubles.In July 2007, the Agricultural Bank has expanded its activities to obtain a general license to conduct banking operations. Bank started to open their foreign missions.In January 2008, launched a five-year state program of agricultural development and regulation of agricultural products, raw materials and food. Agricultural Bank was one of the main participants. In the framework of the state program solves a number of state bank of significant problems, in particular, the task of improving the financial sustainability of agriculture through measures to improve the access of agricultural producers to credit.Agricultural Bank today ranks among the largest banks in the country and is a leader among the creditors of agriculture of Russia, with its second-largest branch network in the country. In the arsenal of dozens of bank loan programs: it actively finances livestock, crops, purchase of agricultural machinery under its collateral and is a tremendous help the development of small agro-business - owners of private plots and private (peasant) farms. Dynamically developing banking products and services designed for individuals.For more than two centuries of Russian Agricultural support agriculture and the rural way of life itself. In the history of the bank - the age-old tradition of agro, a huge store of experience and knowledge in the long term - the decision to revive the future tasks of the Russian countryside and the rise of agriculture of the country.taken from http://www.rshb.ru