OREANDA-NEWS. April 04, 2011. The Russian Bank for Development has signed a loan facility agreement with Commercial Bank “Independent Building Bank” for subsequent on-lending to small and medium enterprises. Funds in the amount of RUR 104 million were provided to IB Bank for 3 years, reported the press-centre of RBD.   

RBD funds will be channeled to SMEs in the Tula, Ivanovo, Nizhny Novgorod and Novgorod Oblasts as well as Moscow and St. Petersburg.

IB Bank will provide lending to SMEs operating in manufacturing, trade and transportation.