OREANDA-NEWS. January 31, 2012. SME Bank (Vnesheconombank Group) has extended loans under MFO-Bank credit product to Kamsky Commercial Bank (Naberezhnye Chelny) and Novosibirsk Social Commercial Bank “Levoberezhny” (Novosibirsk) for microfinancing of small business, reported the press-centre of SME Bank.

 Kamcombank being active in the real economy sector has received a loan of 30 million rubles. Bank “Levoberezhny” operating in most Siberian regions has received 50 million rubles. Both loans have a 3-year maturity.

“Microfinancing is designed as an integral part of the SME Lending Support Program implemented by the Bank. In 2010 the size of SME lending support via MFO was 1 billion rubles, at the beginning of 2012 it reached 2.5 billion rubles”, said S.Krjukov, SME Bank’s CEO.