Russian Bank for Development Grants Uniastrum Special-Purpose Loan
OREANDA-NEWS. January 24, 2011. Further to their successful partnership in Q410, Uniastrum and RBD signed a new agreement under the 5-year Co-Financing Program
The loan comes as part of a government-sponsored program to render financial assistance to small and medium-sized enterprises, which, providing they meet RBD eligibility requirements, can obtain cut-price credit under Uniastrum Bank’s U-Prime scheme in order to develop their businesses or purchase real estate or vehicles. Details of the program can be found on the Russian Bank for Development’s website.
Uniastrum is one of
“In 2010 the decision to focus heavily on rolling out our SME operation proved a big success,” notes Eugene Tutkevich, Chairman of Uniastrum’s Management Committee. “We are glad to be continuing our working relationship with the Russian Bank for Development in helping small and midsized business make a go of things. Moving forward, business owners, the government, and banks need to pull together if this economic sector is to prosper.”
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