OREANDA-NEWS. August 18, 2010. The Russian Bank for Development under the SME Lending Support Program increases a number of its partners among leasing companies. The bank will provide funds for SME lending to CARCADE Leasing (Carcade LLC.) under the loan facility agreement worth RUR 500 million with a 5-year maturity (credit product Auto leasing). All borrowed funds will be channeled to finance retail leasing of motor vehicles to SMEs, reported the press-centre of RBD.

Currently the credit line for CARCADE is one of the largest, opened by RBD for leasing companies. The size of loan along with attractive parameters of the credit product creates favorable conditions for development affordable leasing programs for clients of the company.

Owing to a well-developed network of regional offices – 47 sales offices in 42 cities of Russia – the company will ensure a wide coverage of end-lessees that meets the RBD’s requirements for efficient providing SMEs with financial resources throughout the whole Russia.