OREANDA-NEWS. IFC, the private sector arm of the World Bank Group, today signed an agreement to provide an eight-year $100 million senior loan to Russia’s MDM Bank.

The financing will support the growth of the bank’s mortgage and small and medium enterprise lending portfolio to reach regions outside Moscow that are still underserved and underdeveloped.

In addition, IFC will provide advisory services to the bank to help it improve its mortgage operations and establish an environmental management system that will help make its operations more sustainable.