OREANDA-NEWS. December 24, 2012. SME Bank (Vnesheconombank Group) and Credit Bank of Moscow have signed a loan agreement of RUB 1 billion for 3 years under MFO-Bank credit product.

This the first agreement signed after update of the credit product. Now CBM is able to provide financial resources to SMEs in a form of a revolving credit facility up to RUB 3 million.

This agreement will enable SMEs, including start-ups, to finance establishment and expansion of their business, to invest in fixed assets. The major part of the financing will be allocated inMoscowand Moscow Region.