OREANDA-NEWS. August 13, 2013. SME Bank has concluded an agreement on providing RUB 150 mln to Bank Vozrozhdenie under SME-Maneuver credit product for a modernization-related project of The World of Flowers JSC (the Republic of Mordovia, Tengushevo village).

The resources are required for construction of the second greenhouse complex for cultivation of roses.

The total project size is over RUB 333 mln, thereof 150 mln are provided by SME Bank via its partner Bank Vozrozhdenie within the framework of the SME Lending Support Program. RUB 83 mln are invested by the project’s originator and 100 mln by Bank Vozrozhdenie.