OREANDA-NEWS. July 04, 2013. SME Bank (Vnesheconombank group) will finance an innovative project in the Kurgan Oblast. The project is implemented by BentIzol (Kurgan) and costs RUB 130 mln. thereof 110 mln are provided by SME Bank via its partner – OANKOR BANK.

The resources are granted for 7 years under SME-Idea credit product.

The project will contribute to the domestic production of high quality bentonite waterinsulation materials commonly used for soil and groundwater contamination protection.

SME Bank and ANKOR BANK have cooperated under the SME Lending Support Program since 2010. The partners have concluded 4 loan agreements for a total amount of RUB 320 mln.