OREANDA-NEWS. June 27, 2014. SME Bank (Vnesheconombank Group) has issued a guarantee for development of food industry in the Oryol Region.

The guarantee of RUB 75 million for a loan of Bank Zarechye granted to LIVNY-SAKHAR (the Oryol Region) for modernization of a sugar plant.

Apart from the guarantee SME Bank has provided a loan of RUB 150 mln at 9.5% p.a. under SME-Maneuver credit product.

The resources will be channeled for construction of a new boiler room of the heat and power station at the sugar plant.