Sberbank Unit Gets $50 Million EBRD Loan to Boost its Lending
Stock Chart for Sberbank of Russia (SBER)
OJSC Belpromstroybank, controlled by Russian lender OAO Sberbank, has received a $50 million, five year loan from the European Bank for Reconstruction and Development to boost its lending, the EBRD said.
Belpromstroybank plans “to triple the EBRD’s commitment by earmarking an additional $100 million of its own funds for this lending program, which is targeted at micro, small and medium- sized enterprises”, the EBRD said today in e-mailed statement.
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