OREANDA-NEWS. March 02, 2011. The Russian Bank for Development under the SME Lending Support Program has extended two loans to Krayinvestbank (Krasnodar). The resources allocated under the Refinancing program in the amount of RUR 300 million will be channeled to SMEs operating in different industries, reported the press-centre of RBD.

The funds allocated under the Investment product worth RUR 100 million will be forwarded for purchase, repair and modernization of fixed assets, establishing of material and technical basis of new enterprises and expanding of the existing facilities. RBD funds are earmarked for SMEs in the Krasnodar Kray.

Krayinvestbank OJSC will allocate the loan proceeds among enterprises engaged in production of furniture, polymeric pipes, purified oil and fat, frozen semi-finished meat products and meat foods.