North West | Finance, business

EBRD to loan $65m to St. Petersburg Bank

3 Nov '10
The European Bank for Reconstruction and Development (EBRD) might loan $65m to St. Petersburg Bank, EBRD reports.

The funds are reportedly to be loaned for three years, the interest rate has yet to be disclosed.

Under plans, the funds are to be re-loaned to small and medium businesses in the city.
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Locations: St. Petersburg

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