OREANDA-NEWS. November 06, 2012. SME Bank (Vnesheconombank Group) has extended the first loan under SME-Idea credit product. A 7-years credit line of RUB 150 million was opened for Transcapitalbank, reported the press-centre of SME Bank.

The resources are destined for construction of a high-tech meat-processing factory in the Smolensk Region. The total size of loan extended by both SME Bank and Transcapitalbank will reach RUB 200 million.

“The first loan in SME-Idea product line  is a substantial contribution of the two banks to the development of innovations, energy efficient and resource saving technologies and to manufacturing capabilities upgrade in the SME segment”, said Olesya Teploukhova, Member of the Board - Deputy Chairman of SME Bank.