OREANDA-NEWS. August 18, 2010. The Russian Bank for Development under the SME Lending Support Program has signed two scheduled loan agreements with ZAO Bank Pervomaiskyi (Krasnodar). The first loan worth RUR 68 million with a 3-year maturity was provided under the Refinancing product that envisages a wide range of SMEs needs, reported the press-centre of RBD.

The second loan worth RUR 75 million with a 5-year maturity is provided under the Investment product and the funds are allocated for renewal of production facilities and implementation of innovation projects.

Bank Pervomaiskyi will channel the RBD’s funds for small and medium-sized enterprises in the Krasnodar Kray. Loans will be provided to enterprises operating in the following industries: production of medicines on the basis of drug plants, public catering, hotel business, construction, transport and communication, and agriculture.