OREANDA-NEWS. December 23, 2010. The Russian Bank for Development under the SME Lending Support Program has extended a scheduled loan to NBD-Bank worth RUR 95 million with a 3-year maturity, reported the press-centre of RBD.

NBD-Bank will channel the allocated resources to SMEs in the Nizhny Novgorod, Vladimir, and Penza Oblasts and the Chuvash Republic. Business will receive loans with the terms from 6 months to 3 years for expanding the existing production, introduction of new technologies, export-oriented and import substitution operations, and for creating physical infrastructure of new enterprises.

NBD-Bank is going to provide funding to ferrous metals processors, to companies involved in passenger transportation, plastic goods production and food industry.