RBD Opened Credit Line to Ermak Bank
OREANDA-NEWS. October 13, 2008. The Russian Bank for Development has signed a facility agreement with ZAO NGAB "Ermak" (Nizhnevartovsk), reported the press-centre of RBD.
Pursuant to the interbank agreement a credit line worth RUR 17 mln is opened to the Khanty-Mansyisk bank. The allocated resources shall be channeled to increase SME lending in the okrug with priority support to the small and mid-sized enterprises in industry, transport and food sectors, as well as to projects related to the realization of scientific and high-tech potential of the region.
ZAO NGAB "Ermak" has been a participant of the RBD’s Program since 2005. Over this period nearly 100 small and mid-sized enterprises have received loans worth over RUR 300 mln.