OREANDA-NEWS. On 07 May 2009 was announced, that Open Joint Stock Company “Russian Bank for Development”* and Transcapitalbank signed an agreement, under which Russian Bank for Development as part of the governmental program of SME support provided Transcapitalbank with a loan of 250 mln.rubles for a period of 3 years.

In accordance with the terms of the agreement the provided funds will be used for SME lending.

Lending of real sector of the economy is one of the core businesses of Transcapitalbank. As at 01.01.2009 the volume of loans, granted by Transcapitalbank to small and medium-sized businesses, amounted to 22.7 billion rubles.

Participation in this program will extend the opportunities of Transcapitalbank for SME lending and will give a positive impulse for their development in a difficult period for the Russian economy.

Open Joint Stock Company “Russian Bank for Development” is implementing the governmental program for SME support as a 100% affiliated company of Vnesheconombank.