OREANDA-NEWS. August 14, 2012. SME Bank (Vnesheconombank Group) is continuing cooperation with the Foundation for Small Business Development of theRepublicofSakha(Yakutia), reported the press-centre of SME Bank. 

A third loan facility agreement has been signed for RUB 150 million with a 3–years’ maturity.

Currently the Foundation for Small Business Development of theRepublicofSakha(Yakutia) is the only micro-finance partner of SME Bank in the region. Since September 2010 325 SMEs in Yakutia have received financing from SME Bank’s resources via micro-finance instruments for a total amount of RUB 250 million.