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03.03.2010
RBD Is Building Up Lending to Baltinvestbank

The Russian Bank for Development under the SME Lending Support Program has extended a regular loan to OAO Baltinvestbank (St.Petersburg) in the amount of RUR 55 million.

The monetary resources are allocated between regional representatives of Baltinvestbank: St.Petersburg (RUR 30 million), the Samara Oblast (RUR 19 million), and the Saratov Oblast (RUR 6 million).

The end-borrowers are enterprises engaged in chemical and pharmacy industry, textile industry, construction, as well as research and development enterprises. At that the bank is lending to SMEs implementing public contracts.

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