SME Bank Finances Construction of Fertilizer Plant in Tatarstan
OREANDA-NEWS. September 03, 2013. SME Bank (Vnesheconombank group) finances construction of a plant producing eco-friendly mineral-organic fertilizers, supplementary feeds and compound animal feed stuff on the basis of sapropeles.
The innovation project is implemented by Kamskiy Sapropel LLC (Naberezhnye Chelny) and costs RUB 191 mln.
SME Bank provides RUB 75 mln (39% of the total project size) via its partner under SME Lending Support Program - AKB Spurt (Kazan). Kamskiy Sapropel will receive resources at 12.25% p.a. under SME-Idea credit product.
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