OREANDA-NEWS. December 17, 2010. The Russian Bank for Development under the SME Lending Support Program has signed a new loan facility agreement with the bank “National Factoring Company” CJSC for a total amount of RUR 600 million and a 1 year maturity within the framework of the credit product “Factoring – Bank”, reported the press-centre of RBD.

The allocated resources will enable to build up the size of lending to SME factoring projects through the NFC branches in more than 20 regions of Russia.

The RBD’s funds will be channeled to SMEs supplying goods and rendering services with delay in payment to processors and manufacturing enterprises, retail trade system and other distributive industries.