ERDB will give to bank " Spurt " two credits for 14 million dollars

The board of directors of the European bank of reconstruction and development (European Reconstruction and Development Bank) has approved granting the four-year-old rouble credit to bank " Spurt " (Kazan), equivalent 10 million dollars for financing small and middle business.

This was informed to agency "AK&M" by vice-president of bank " Spurt " Alexey Zemlyakov. Besides as he said, EBRD Board has approved allocation of the demand line of credit in volume 4 million dollars for financing trading operations for the term of about 1,5 years. Signing of the agreement under both projects is expected in the first decade of September.