RBD Extended Loan for SME Support in Primorye
OREANDA-NEWS. October 20, 2008. The Russian Bank for Development has extended a loan for SME support to Primsozbank (Vladivostok). Pursuant to the agreement the loan equals RUR 18 mln, reported the press-centre of Russian Bank for Development.
The allocated funds shall be channeled to small and mid-sized enterprises involved in publishing and transportation as well as to those which need technical upgrading for further expansion of production.
RBD has been cooperating with OAO SKB Primsozbank since 2005 under SME Lending Support Program. 40 SMEs have received loans for a total of RUR 335 mln already.