OREANDA-NEWS. July 21, 2014. SME Bank (Vnesheconombank Group) has provided guarantee support for one of the major manufacturers of flour and cereals in the Central Black Earth Region – “Bread-baking Complex Kalacheevskiy” (the city of Kalach, the Voronezh Region).

The guarantee of RUB 90 million covers 50% of the loan granted to the enterprise by Transcapitalbank for expansion of production. The estimated project volume is RUB 224 mln.

Apart from the guarantee SME Bank has provided a loan of RUB 150 mln under SME-Maneuver credit product. The support will enable to purchase a grain elevator, a mill, a groats plant, a corn-calibration workshop, warehouses and utility shops.