RBD Extended Loan to Moscow Industrial Bank for SME Support
OREANDA-NEWS. October 28, 2009. Within the framework of SME lending support program the Russian Bank for Development has extended a loan to Moscow Industrial Bank worth RUR 210 mln., reported the press-centre of RBD.
The agreement signed between the banks envisages that the allocated resources shall be channeled to SME lending in the Vladimir, Orel and Rostov Oblasts and the Krasnodar Krai. The direct lending to the end-borrowers – SMEs involved in the real economy sector – will be conducted through the branches of Moscow Industrial Bank. The allocated resources will be divided as follows: RUR 102 mln. to the Orlov Oblast, RUR 53 mln. – to the Krasnodar Krai, RUR 47 mln. - to the Vladimir Oblast and RUR 8 mln. – to the Rostov Oblast.
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