RBD Extends Territorial Coverage of Small Business Support
OREANDA-NEWS. June 22, 2009. The Russian Bank for Development which implements the government SME lending support program is continuing to widen territorial coverage of SME lending support – a loan agreement was signed with OAO Bank of Khanty-Mansiysk (Khanty-Mansiysk), the first counter-party bank of RBD in the Khanty-Mansiysk Autonomous Okrug, reported the press-centre of RBD.
Pursuant to the agreement RBD extended to the Bank of Khanty-Mansiysk a one time special-purpose loan worth RUR 150 million with a three-year maturity for SME funding in the Khanty-Mansiysk Okrug.
The allocated resources shall be channeled to purchase fixed assets, in particular, real estate and equipment as well as to import substitution projects.
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