OREANDA-NEWS. January 27, 2011. The Russian Bank for Development under the SME Lending Support Program has signed four scheduled loans with Sea Bank (Moscow). First three loans worth RUR 200 million, 33 million and 47 million with a 5-years’ maturity are provided under the Co-financing product. The forth loan worth RUR22 million with a tenor up to 3 years is provided under the Refinancing-Region product. The funds are provided for renewal of production facilities, purchase of new equipment for small and medium-sized enterprises and expansion of the operating establishment, reported the press-centre of RBD.

Financing using RBD’s resources within the framework of the agreements will receive SMEs in the Volgograd, Leningrad, Murmansk and Kaliningrad Oblasts, the Krasnodar and Primorie Krays, the Republic of Kalmykia, Moscow and St.Petersburg.

Sea Bank intends to allocate credit resources among enterprises engaged in woodworking, publishing and printing, construction, passenger and cargo transportation, stream sand production and sale.