OREANDA-NEWS. January 27, 2011. The Russian Bank for Development implementing the SME Lending Support Program has provided a regular loan to Baltinvestbank (St.Petersburg) worth RUR 165 million. The resources are allocated under the Co-financing credit product according to which the funds are channeled inter alia for renewal of production facilities, acquisition of new equipment for SMEs and expansion of operating establishments, reported the press-centre of RBD.

RBD and Baltinvestbank funds will be channeled to SMEs in the Archangelsk, Vologda and Leningrad Oblasts, the Krasnodar Kray and St.Petersburg.

Baltinvestbank will allocate credit resources among enterprises producing innovative equipment, engaged in production and distribution of electric energy, gas and water as well as among SMEs operating in textile and chemical production, food industry and transportation.