EBRD grants $10 mln 5 year SME lending facility to Credit Bank of Moscow
On June 30, 2005 a loan agreement was signed between us and EBRD providing for up to 5-year senior loan of US$10 million for on-lending to local private sector Small and Medium-sized Enterprises (SMEs). More details are available at www.ebrd.org/projects.
Our collaboration with EBRD started earlier with US$15 million non-committed facility under the trade facilitation program.
And now our cooperation has expanded to include the SME-oriented facility which is our second such facility given the similar one granted to us by IFC in October 2004.