OREANDA-NEWS. MDM Bank has signed a 7-year, EUR30 million credit agreement with Nordic Investment Bank.

Under the terms of the agreement MDM Bank can obtain funds from Nordic Investment Bank to finance Russian investment projects in which a part of the goods or services involved originate from Scandinavia or the Baltic states.

The funds can be used to pay for imported goods and services and also import duties, taxes and construction costs associated with the projects.