OREANDA-NEWS. June 03, 2010. As a result of competitive selection the “Rostovsky” Branch of the OJSC “Investtradebank” has concluded an agreement on cooperation with the non-commercial organization “Guarantee Fund of the Rostov region” for extension of the Fund’s guarantees to small and medium-sized businesses to the amount of the guarantee limit of the Fund making 48m rubles, reported the press-centre of Investtradebank.     

In May 2010, also as a result of the competitive selection, the non-commercial organization “Guarantee Fund of the Rostov region” placed its funds on a deposit account in the “Rostovsky” Branch of the OJSC “Investtradebank”.

In 2009 the Administration of the Rostov region put the “Rostovsky” Branch of the OJSC “Investtradebank” on the list of the co-participant banks in the Regional Target Programme for development of small and medium-sized businesses in the Rostov region for 2009-2011.

Investtradebank keeps on extending and strengthening its efficient cooperation with the regional authorities in the regions of its presence in the framework of its support to small businesses and implementation of investment projects. Thus, in 2009 and in the first quarter 2010 the “Rostovsky” Branch extended a number of loans to small and medium-sized businesses in amount of over 1b rubles.