OREANDA-NEWS. December 21, 2009. The Russian Bank for Development is reducing an interest rate for leasing companies involved in the SME Lending Support Program to 12.5% p.a. It was told by Olesia Teploukhova, Director of SME Financing Department during a video-meeting with the Volga Federal Okrug, reported the press-centre of RBD.

O. Teploukhova told as well about updating of the Bank’s Program relating to SME support via the counter-party banks – a decision was taken to prolong the time for drawdown of the limits set up for the counter-party banks from 90 to 120 days.

These measures, according to O. Teploukhova, have been implemented owing to “RBD’s active and meaningful dialog with the partners that leads to the Program’s improvement”.