RBD Builds up Size of SME Financing in 11 Regions of Russia
OREANDA-NEWS. February 09, 2010. The Russian Bank for Development under the SME Lending Support Program is building up the size of SME lending support within the program “Refinancing”: a third loan facility agreement is concluded with MORSKOI (Maritime) BANK (OAO) in the amount of RUR 159 million, reported the press-centre of RBD.
Pursuant to the agreement the RBD’s funds in amount of RUR 399 million are channeled via subsidiaries of the MORSKOI BANK for SME support in 11 regions of Russia. In particular the loans will be provided to SMEs in the Krasnodar Krai (RUR 43 million), the Volgograd Oblast (RUR 55 million), the Primorskiy Krai (RUR 39 million),the Kaliningrad Oblast (RUR 15 million), Moscow (RUR 25 million), the Moscow Oblast (RUR 85 million), St.Petersburg (RUR 10 million), and the Leningrad (RUR 40 million), Murmansk (RUR 67 million), Astrakhan (RUR 15 million) and Saratov (RUR 5 million) oblasts.
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