OREANDA-NEWS. June 22, 2009. The Russian Bank for Development which implements the government SME lending support program is continuing development a new SME lending support procedure through leasing companies. Proceeding with these activities the Bank has opened a credit line to the second leasing company – OOO Leasing Company of Small Business of the Republic of Tatarstan (Kazan), reported the press-centre of RBD.

Within the designated credit limit the company received the first special-purpose loan for purchase production and special equipment and transport. The leasing-receiver according to the project is an SME which produce ingredients for food industry.

According to Sergey Krjukov, Chairman of the Board of the Russian Bank for Development “it’s the second pilot project of the Bank in this area”. “In the near future relying in the results of these transactions we shall adjust the requirements to the program’s participants and to the projects and we shall specify the terms of financing the leasing companies, whereupon the program will be widely spread”, said Mr.Krjukov.