Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Sberbank Unit Gets $50 Million EBRD Loan to Boost its Lending

May 21 (Bloomberg) -- 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.

To contact the reporters on this story: Yuliya Fedorinova in Moscow at yfedorinova@bloomberg.net;

To contact the editor responsible for this story: Amanda Jordan at ajordan11@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.