ITB Approved Extension of RUB 1 bln Loans
OREANDA-NEWS. February 02, 2010. January has not become a post-holiday month of “wiggling” for ITB. The priority task to credit the real sector of economy is being implemented in full scale. Placement of the second tranche of the targeted loan of the Russian Bank for Development (RBD) among small business enterprises has been completed, reported the press-centre of ITB.
About 50 applications for loans to medium-size business organizations to the amount of about 1 billion rubles have been approved in the Head Office of the Bank. Among them applications from: the Donskoy Canning Factory (Rostov), the furniture factory “Maria” (Saratov), Kostromagorstroy (Kostroma), the Association “Mayak” (Penza), the integrated plant of bread products FSIN Russia (Saratov) and other businesses.
As practice shows, the level of competition in the credit market has essentially ascended recently. In this situation our advantage is not just dry statistics of interest rates, but a high quality of our services and promptness in decision-taking. An additional support in this field is our reputation of a well-doing lender in the crisis period, having a sensible and constructive approach to the borrowers, undergoing hardships and our assistance in solving their problems.
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