OREANDA-NEWS. November 24, 2009. The Russian Bank for Development that is implementing its SME Lending Support Program has granted to the Bank of Moscow a special purpose loan worth RUR 856 million with a three-year maturity, reported the press-centre of RBD.

Under the signed loan facility agreement the funds will be channeled to SMEs operating in the real economy. The allocated resources will be available for entrepreneurs in the Central, North-Western, Ural, Southern, Siberian and Far East Federal Okrugs – loans are available in the branch offices of the Bank of Moscow in 20 member entities of the Russian Federation. Information on the regional distribution of credit resources is placed on the RBD’s web-site (www.rosbr.ru ).

“Interaction with major Russian banks including definitely the Bank of Moscow, meets general objectives of the RBD’s Program – providing funds to a maximal number of borrowers. Due to the tailored procedures of work with small business and the widest branch network the Bank of Moscow will make a weighty contribution to our Program’s implementation”, Sergey Krjukov, Chairman of the Board of RBD considers.