OREANDA-NEWS. May 06, 2011. The Russian Bank for Development has signed two new loan facility agreements with TGI-Leasing Ltd. (Moscow) under the SME Lending Support Program, reported the press-centre of RBD.

The first agreement worth RUB 120 million was concluded within the framework of “Development” credit product, the second one worth RUB 80 million - within the framework of “Local Car-Leasing” credit product.  The credit tenor is 5 years. The funds will be utilized for purchase of state-of-the-art machinery and equipment for modernization and expansion of SME production facilities.

TGI-Leasing Ltd. intends to lease to SMEs in the Central Federal District. RBD funds will be allocated to SMEs purchasing special automotive vehicles, bakery equipment and equipment for disposable dishware and printing production.