OREANDA-NEWS. July 08, 2008.  Russian Bank for Development within the framework of implementation of corporate strategy of the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” pertaining to SME lending support has extended a loan worth RUR 60m to JSC Baltinvestbank (St. Petersburg), reported the press-centre of RBD.
 
The special-purpose loan is channeled to funding SMEs in the North-Western Federal Okrug. The priority shall be given to projects in the real sectors, science, innovations and high technologies. Moreover the support shall be provided to the SME infrastructure projects in the region.
 
JSC Baltinvestbank has been cooperating with RBD in the area of SME lending support since 2004. Over that period within the framework of cooperation over 200 SMEs of the North-Western Federal Okrug have received loans totaling RUR 745m.