OREANDA-NEWS. February 03, 2011. The Russian Bank for Development implementing the SME Lending Support Program has opened a new credit line to Russian Factoring Company (Moscow), reported the press-centre of RBD.

According to the agreement a loan worth RUR 400 million will be provided under Factoring-Company credit product.

The resources allocated by RBD will be channeled to the SMEs – clients of the factoring company that deliver goods and render services with delay in payment to processing and manufacturing enterprises, distributing facilities and other wholesale and retail outlets.