OREANDA-NEWS. March 31, 2014. SME Bank (Vnesheconombank Group) finances construction of high-tech wood processing plant in the Bryansk Oblast.

The project is implemented by Avand Capital (settlement Pogreby), its volume is RUB 182 million, thereof RUB 120 million are invested by SME Bank in the form of a loan provided via ROST BANK under SME-Maneuver credit product for 7 years.

The borrowing cost for the SME will not exceed 12% p.a.

According to the Bank’s Analytical Center since the beginning of the SME Lending Support Program’s implementation 242 small and medium-sized enterprises in the Bryansk Oblast have received lending support in the total amount of RUB 1.3 billion. SME Bank has 21 partners in the region. Average-weighted interest rate provided by partner-banks in the Bryansk Oblast to SMEs is 12.68% p.a.