OREANDA-NEWS. November 19, 2012. SME Bank (Vnesheconombank Group) has opened credit lines of RUB 2 bn to Promsvyazbank under Factoring-Bank credit product, reported the press-centre of SME Bank.

The financial resources will be channeled to SMEs providing goods and services under assignment of receivables, including in the non-trade sector.

Promsvyazbank is one of the most active participants in the SME Lending Support Program implemented by SME Bank. As of today 11 credit lines have been opened for the bank for SME support including innovation-related and modernization projects.