OREANDA-NEWS. July 08, 2008. The Russian Bank for Development within the framework of implementation of the corporate strategy of the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” referring to SME lending support has extended a loan worth RUR 67 million to one of the major banks in the Far East – OAO SCB of Primorye “PrimSozBank” (Vladivostok), reported the press-centre of RBD.
 
This direct loan is channeled to SME funding in the Primorskiy Kray. The priority shall be given to projects in the real sectors, science, innovations and high technologies. Moreover the support shall be provided to SME infrastructure in the region.
 
OAO SCB of Primorye “PrimSozBank” has cooperated with RBD in the area of SME lending support since 2005. Since then within the framework of cooperation over 50 SMEs of Primorye have received loans totaling RUR 300 million.