OREANDA-NEWS. June 15, 2009. The Russian Bank for Development which implements government SME lending support program is proceeding to expand its territorial coverage, reported the press-centre of Russian Bank for Development.

Under this program RBD has signed a loan agreement with OAO BystroBank (Izhevsk), the first RBD’s counter-party bank in the Udmurtia Republic.

Pursuant to the agreement RBD has extended to BystroBank a special-purpose loan worth RUR 150 million with a three-year maturity. The allocated resources will be channeled to SMEs operating in the real economy sector in the Udmurtia Republic. In particular RBD funds will be used in printing industry as well as for construction equipment maintenance.