OREANDA-NEWS. February 11, 2011. The Russian Bank for Development under the SME Lending Support Program intensifies SME lending via leasing arrangements. Within the framework of Development credit product the Bank has signed the second loan facility agreement with OOO Lenoblleasing (St. Petersburg) worth RUR 15 million with a five-year maturity, reported the press-centre of RBD.

The allocated resources will be channeled by OOO Lenoblleasing for financing leasing transactions with small and medium-sized enterprises operating in St.Petersburg and the Leningrad Oblast.

The items of leasing will be provided to SMEs involved in production and processing of agricultural products as well as to companies operating in heat-power engineering, municipal housing economy and producing optical devices.