10.07.2008, 15:12
RBD Intensifies SME Lending in the South of Russia
OREANDA-NEWS. July 08, 2008. Russian Bank for Development within the framework of implementation of corporate strategy of the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” pertaining to SME lending support has extended a loan worth RUR 190 million to the major bank of the Southern Federal Okrug - JSC CB Center-Invest, reported the press-centre of RBD.
The special-purpose loan is channeled to funding regional SMEs. 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.
In 2002 Center Invest was the first participant in the RBD’s SME Lending Support. Since then it has concluded 9 agreements with RBD within the framework of which 134 SMEs have been granted loans amounting to RUR 600m.
The special-purpose loan is channeled to funding regional SMEs. 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.
In 2002 Center Invest was the first participant in the RBD’s SME Lending Support. Since then it has concluded 9 agreements with RBD within the framework of which 134 SMEs have been granted loans amounting to RUR 600m.
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