The European Bank for Reconstruction and Development (EBRD) has issued the bank Uralsib US$40m (Ђ31m) for its lending program for small- and medium-sized enterprises (SMEs), the EBRD reported.
With this EBRD credit, Uralsib has raised US$55m (Ђ43m) for this lending project.
The bank is getting US$10m from the Russian Small Business Fund. Uralsib ended the third quarter of 2004 in 10th place by asset volume on the Interfax-100 rankings compiled by the Interfax Center for Economic Analysis.
Source: Europe Intelligence Wire
