Bank News

RBD and KfW Have Concluded a Debut Transaction on Attraction Resources for SME Lending in Russia

17 Декабря 2010

German institution for development - KfW (Kreditanstalt für Wiederaufbau) and the Russian Bank for Development have proceeded with a joint financing of the SME Support Program implemented in the Russian Federation. Within the framework of the loan agreement KfW has extended a loan to RBD worth RUR 4.125 billion with a 5-year maturity.

The Russian Bank for Development will channel the funds through the partner-banks for innovative SMEs and for modernization of production.

A part of funds will be allocated to energy-efficient projects of Russian enterprises with application of international best practices. It includes installation of measuring devices for consumed resources and integration of the above in the unified automotive information system, reequipment of pumping facilities of the water canals, systems of house and public lighting and etc.

“RBD is the first Russian bank that has attracted ruble-denominated funding from the German institution for development for modernization of production and implementation of innovative projects for SMEs in the Russian Federation within the framework of Russian-German interstate consultations at the summit level”, pointed out Sergey Krjukov, Chairman of the Board of RBD

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