OREANDA-NEWS. December 25, 2009. The Russian Bank for Development that is implementing the SME Lending Support Program has proceeded to attract loan funds from the Central Bank of the Russian Federation, reported the press-centre of CBM.

The launching of mechanism of refinancing of the RBD’s loans extended to counter party banks under the SME Lending Support Program is accomplished within the framework of the Loan Agreement of the Bank of Russia.

These loans are secured by pledge of receivables under interbank loan agreements. Such mechanism will enable by far to build up the state-sponsored SME lending support and will promote steam ahead for lending in the real economy in 2010.