SDM-BANK received 3-year RUB 100 mln. loan to support SME
July 7, 2009
SDM-BANK received 3-year RUB 100 mln. loan to support SME from The Russian Bank for Development (RBD), owned by the Vnesheconombank State Corporation «Bank for Development and Foreign Economic Affairs (Vnesheconombank)».
The funding was extended in the framework of the Russian Government SME Lending Support Program. SDM-BANK passed the tough RBD procedures of selecting banks-participants.
At present only 70 Russian banks participate in this Program.
SDM-BANK will use the funds to lend to SMEs complying with the Program requirements.