OREANDA-NEWS. July 20, 2009. The Russian Bank for Development which implements the state SME lending support program is developing a new mechanism of SME support through leasing companies. The third tranche worth over RUR 32 million was extended to OOO Transleasing (Chelyabinsk) under the limit set earlier, reported the press-centre of Russian Bank for Development.

The receiver of the leasing under the project is an SME located in Uhta (the Republic of Komi) which is specialized on construction, road building, supplying of materials and equipment for construction and modernization of petroleum industry facilities. The funds allocated by RBD shall be used for purchase of special equipment on the terms of leasing.

Implementation of this project is of high social value: more jobs shall be created in the Republic of Buryatia for bank excavation works.