OREANDA-NEWS. February 28, 2008. BSTDB provided a USD 25 million bank-to-bank loan to Bank Zenit (Russia) for financing small and medium-sized corporate clients (SMEs).

The BSTDB loan with a tenor of 5 years will help Bank Zenit to effect the implementation of advanced instruments and technologies of small and medium business lending in Russia. Besides, the credit will create the additional provisions for the enlargement of volumes of medium-term financing to the Russian SMEs.

The operation would thus serve the national priority to promote the development of the small and medium-sized business as a generator of sustainable economic growth.

In the first quarter of 2008, BSTDB signed 4 loan agreements with Russian financial institutions for the total of over USD 100 million.