OREANDA-NEWS. November 24, 2014. SME Bank (VEB Group) has provided RUB 60 million to Commercial Bank “Rus” for SME development projects in the Orenburg Region.

The credit support recipients are enterprises which implement innovative projects, upgrade production facilities or employ modern energy efficient technologies. The resources will be provided for 5 years at an interest rate of below 13.25% p.a.

The Bank has been strongly supporting manufacturing in the Orenburg Region since 2005. According to the Bank’s Analytical Center about 560 local enterprises have received RUB 4.1 billion. The weighted average interest rate is 13% p.a.