OREANDA-NEWS. November 16, 2009. The Russian Bank for Development is extending SME lending in the North-Western Federal Okrug. Under the SME lending support program RBD has extended to Severgasbank (Vologda) a loan worth RUR 183 million. The funds will be channeled to small and middle enterprises of St.Petersburg, the Arkhangelsk, Vologda and Novgorod Oblasts as well as of the Republic of Komi, reported the press-centre of RBD.

According to the agreement RUR 7 million will be channeled to SMEs in St.Petersburg, SMEs in the Arkhangelsk Oblast will receive RUR 64 million, in the Vologda Oblast – RUR 40 million, in the Novgorod Oblast – RUR 37 million, the Republic of Komi - RUR 35 million.

SME lending under the RBD’s Program will be accomplished via the Severgasbank  branches located in these regions.