EBRD opens US$20m credit line for Russia’s SMEs


The European Bank for Reconstruction and Development (EBRD) is opening Rosbank a credit line for US$20m for five years to be used under an EBRD programme for supporting small- and medium-sized enterprises (SMEs).

This programme envisions passing credits of up to US$500,000 through participating Russian banks for the creation and modernisation of production facilities, financing start-up and working capital, export and pre-export financing.

Source: Europe Intelligence Wire



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Posted on Dec 23, 2004
Region: Russia