OREANDA-NEWS. December 25, 2009. The Russian Bank for Development is continuing to build up financial support to small and medium-sized enterprises in the regions of the Russian Federation. Under SME Lending Support Program the Bank has extended to Promsvyazbank the second loan worth RUR 1 billion with a 3-year maturity, reported the press-centre of RBD.

Pursuant to the agreement the SME lending using RBD’s funds will be accomplished in the offices of Promsvyazbank that work with SMEs in 35 regions in all federal okrugs of the Russian Federation.

The allocated resources will be channeled according to the Promsvyazbank’s product line for financing SMEs operating in manufacturing, food industry and services.