OREANDA-NEWS. December 15, 2008. Implementing the corporate strategy of the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” concerning SME loan support the Russian Bank for Development has extended a loan worth RUR 200 million to NOVIKOMBANK, reported the press-centre of RBD.

The relevant agreement was signed by Nadezhda Martynova, Deputy Chairman of RBD and Sergey Ablyaev, acting president of ZAO AKB NOVIKOMBANK.

According to the agreement the allocated resources will be channeled to SMEs operating in the real economy sectors.

Pursuant the corporate strategy NOVIKOMBANK intends to intensify its SME lending. In particular this area of activities will expand both on regional level and in cooperation with regional organizations supporting SMEs and SME infrastructure entities.