OREANDA-NEWS. February 18, 2011. The Russian Bank for Development under the SME Lending Support Program has provided two scheduled loans to OTKRITIE Bank (Moscow), reported the press-centre of RBD.

The funds allocated within the framework of the Investments credit product worth RUR 278 million will be channeled for acquisition, repair and modernization of fixed assets, development of material and technical basis for new enterprises and operating establishments. The resources provided under the Refinancing credit product worth RUR 119 million shall be channeled to SMEs engaged in different industries.

Funds from RBD and OTKRITIE Bank will be provided to SMEs operating in the Irkutsk, Voronezh, Lipetsk, Nizhny Novgorod, Novosibirsk, Penza, Rostov, Saratov, Samara, Tver, Ulyanovsk and Chelyabinsk Oblasts, the Krasnoyarsk and Perm Krays and the Republic of Mariy-El.

ZAO KB OTKRITIE will allocate the credit resources among enterprises producing furniture, concrete, chocolate and sunflower oil and rendering advertising services.