NewsRSS

IFC approved Credit Bank of Moscow for USD 15 million loan facility

15.07.2004

IFC approved Credit Bank of Moscow (CBM) for 5-year USD 10 million SMEs lending program and USD 5 million for mortgage.

The proposed project consists of a five-year credit line of up to $10 million as the first phase and, subject to meeting specific criteria, a $5 million loan for mortgage origination as the second phase. Proceeds of the IFC financing would be used to expand the SME lending activities of the bank and, as the second phase, to develop its mortgage lending capacity.

Please find additional information on Web-site of IFC