OREANDA-NEWS. May 04, 2009. The Russian Bank for Development which implements the government SME lending support program as a 100 % subsidiary of the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”is attracting new counter-party banks to the program, reported the press-centre of RBD

Within the framework of the above activities a debut earmarked loan worth 250 million rubles was extended to AKB “Transcapitalbank” (Moscow) for the subsequent on-lending to SMEs. In accordance with the agreement signed by the banks the loan maturity is 3 years.
 
The allocated resources shall be channeled to SMEs operating in all regions of the Transcapitalbank presence. Thus the financial resources shall be accessible to SMEs in the North-West, Central, Ural, South, Volga and Siberian federal okrugs.  The priority shall be given production and innovation enterprises as well as to projects aimed at SME infrastructure support.