OREANDA-NEWS. November 19, 2012. SME Bank (Vnesheconombank Group) and RIABANK have signed a loan facility agreement for RUB 120 with a 7-years’ maturity under SME-Effect credit product, reported the press-centre of SME Bank.

The loan purpose is to finance modernization of the heating system of the city ofBaikal (Chelyabinsk Region). The project will enable to reduce energy consumption by 50%.

The loan to ZAO RIABANK represents cooperation of two credit institutions in the area of support to SMEs implementing energy efficient projects.