OREANDA-NEWS. February 11, 2011. The Russian Bank for Development under the SME lending Support Program has signed a loan facility agreement with AKB Izhcombank (the Republic of Udmurtia) worth RUR 40 million with a one-year maturity within the framework of Factoring-Bank credit product, reported the press-centre of RBD.

AKB Izhcombank will use the funds for factoring transactions with SMEs involved in socially required industries and services in the Republic of Udmurtia: providing goods and services with delay in payment for processing and industrial enterprises, distributing facilities and development companies.