OREANDA-NEWS. April 08, 2010. The OJSC “Investtradebank” has officially become an authorized bank of the Ivanovo Region Government in the field of small business development. Investtradebank became the winner of a competition for selection of partner banks of the Ivanovo State Small Business Support Fund (ISSBSF) to conclude contracts for placement of the Fund’s resources with the aim to provide guarantees for commitments of small and medium-sized businesses and organizations, constituting an infrastructure for support of small and medium business subjects.

Thus, in the current year in the framework of the “Program for Small Business Support in the Ivanovo region in 2009-2013” the Ivanovo State Small Business Support Fund will place in the Bank a deposit in amount of 75m rubles on previous conditions and will simultaneously provide new guarantees for commitments of small and medium-sized business subjects in amount of 75m rubles. It’s the first tranche of the ISSBSF in the running year.

We would like to remind you that in 2009 the Bank also acted as a partner of the ISSBSF and extended loans to small and medium-sized business subjects under the Fund’s guarantees in amount of 108.3m rubles.