OREANDA-NEWS. December 25, 2008. Implementing the corporate strategy of the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” aimed at SME loan support the Russian Bank for Development has doubled funds provided to ZAO Kranbank (Ivanovo) for SME loan support in the Ivanovo Oblast, reported the press-centre of Russian Bank for Development.

In accordance with the agreement signed by the banks the limit of loan was increased up to RUR 105 million.

The allocated resources will be channeled to SMEs involved in production industry as well as to introduction of innovation techniques in construction. In particular re-equipment and expansion of manufacturing areas will be carried out with the view to meet the requirements of SMEs in the Ivanovo Oblast.