OREANDA-NEWS. March 27, 2012. SME Bank (Vnesheconombank Group) has signed an agreement with NBD Bank (Nizhny Novgorod) on providing resources for modernization-related and innovative projects of regional SMEs. SME Bank is going to extend a loan of 339 million rubles for 5 years under SME Lending Support Program, reported the press-centre of SME Bank.

 The funds will be channeled to the Nizhny Novgorod, Vladimir, Ivanovo and Penza Regions, the Chuvash Republic and the Republic of Mariy El.

The loan will be granted under FIM Special Purpose credit product designed to provide affordable and long-term resources for SMEs for modernization of Russian economy and for improving of living standards.