The European Bank for Reconstruction and Development (EBRD) is considering the possibility of bank Revival of funding for development lending to small and medium-sized businesses. The project involves the provision of long-term resources to support lending to the real sector of Russian economy, said the bank Revival. The project provides credit line to $ 35 million for 5 years with a grace period during the first two years.

, together with the European Bank for a project for us is very important, because its implementation will be integrated positive effect. It will allow us to not only maintain our target segment - middle enterprises and small businesses, but also use the international experience of the EBRD in order to optimize existing technology credit process. Furthermore, in a difficult economic environment, this kind of project underlines the confidence of the international investment community and its confidence in future prospects of the bank Revival, - commented the Chief of Treasury Bank Revival Andrei Shalimov.

In a difficult macroeconomic situation, the project aims to demonstrate real support systemically important private banks, allowing them to compete on equal terms with state banks, and provide long-term financing to small and medium enterprises of real sector of the economy, where access to credit is limited, - says reported by EBRD.

bank Revival is not the first experience of cooperation with international financial institutions. In 2008, the Bank drew subordinated loan from the German and the Dutch development institution FMO, and DEG in the amount of $ 50 million bank notes in the message.
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