OREANDA-NEWS. August 02, 2013. SME Bank (Vnesheconombank group) intends to finance modernization of a greenhouse complex.

The project is implemented by “Krypton” in Nartkala (the Republic of Kabardino-Balkaria).

The total project size is RUB 132 mln, thereof 110 mln are provided by SME Bank via its partner – Moscow Industrial Bank. The resources are granted under SME-Maneuver credit product, the borrowing cost for the SME is 12% p.a.

Currently 4 banks and non-bank FIs in Kabardino-Balkaria provide support to small and medium enterprises under the SME Bank’s Program.