OREANDA-NEWS. October 29, 2009. SOTSGORBANK and Russian Bank for Development entered into third 3 years Credit Agreement. Under the current Agreement SOTSGORBANK will provide support to its clients – small and medium enterprises in the Regions. The amount of the Agreement is RUB 117 mln (USD 4mln), funds will be distributed in Saint-Petersburg, Moscow and Yaroslavl regions.

 “The Credit Agreement follows the strategic business direction – work with SME clients. SOTSGORBANK raised over RUB 500 mln. (USD 17mln) for SME clients funding, including RUB 217 mln. (USD 7.5mln) from Russian Bank for Development. Bank also works with International financial development organizations in technical support and best practices in SME lending” – comments Alexander Golev, International business and financial institutions department director.