OREANDA-NEWS. November 13, 2009. The Russian Bank for Development that is implementing the SME Lending Support Program has extended a loan to Baltinvestbank worth RUR 215 million, reported the press-centre of RBD.

According to the terms of the credit contract the allocated resources are channeled to small and middle enterprises in St.Petersburg (RUR 106 million), the Leningrad Oblast (RUR 37 million), the Arkhangelsk Oblast (RUR 50 million) and the Krasnodar Kray (RUR 22 million).

SME lending support using RBD resources will be accomplished via the Baltinvestbank branches in these regions. SMEs operating in the real economy sector will have the pre-eminent right for funding.