OREANDA-NEWS. September 12, 2014. SME Bank (Vnesheconombank Group) finances modernization of URALGEOMASH (Ulyanovsk, the Ulyanovsk Region).

The enterprise has received RUB 132 million for expansion of production of corrugated package materials.

Project cost RUB 156 million, thereof 85% funds lent by SME Bank under Leasing – SME Progress credit product. The project envisages purchase of innovative equipment – a modular line for production of corrugated package materials and a block-modular boiler house. New equipment will be leased to the enterprise by Basis Leasing.

15 partners provide support to SMEs in the Ulyanovsk Region under the SME Bank’s Lending Support Program. Since the beginning of the Program’s implementation 358 enterprises in the region have received lending support in the total amount of RUB 3 billion.