OREANDA-NEWS. October 20, 2010. The Russian Bank for Development has opened two credit lines to OAO AKB Investtorgbank for a total amount of RUR 786 million, reported the press-centre of RBD.

The first credit line worth RUR 365 million with a 3-year maturity was granted under the product Refinancing  according to which small and medium-sized enterprises can get funding to such purposes as resupply of working assets, inventories purchase, production upgrading and research activities.

The second credit line worth RUR 421 million with a 5-year maturity was granted under the product Investments according to which the funds are allocated for renewal of production facilities, purchase of equipment for small and medium-sized enterprises and expansion of the operating production facilities.

The RBD’s funds will be channeled to enterprises in Dagestan, the Vladimir Oblast, the Rostov Oblast, the Penza Oblast, the Perm Krai, the Ivanovo, Leningrad and Volgograd, Voronezh and Sverdlovsk Oblasts, Moscow and St.Petersburg. The allocated resources will be forwarded to enterprises operating in food and consumer goods industries, agriculture and to companies that build harbor installations and produce lifts.