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Business news, 01.07.2002 18:03

International Finance Corporation agrees to give Production&Construction Bank credit line of $10mln

IFC, a member the World Bank group , signed an agreement with Production & Construction Bank of St. Petersburg for her to give the bank a credit line for duration of 5 years in frame of 10 million dollars. This money will be directed to replenish banks’non-capital assets as well as to the mid-term financing of small and medium business enterprises. Credits will be given to the bank’s clients in Kaliningrad, Krasnodar region, Moscow and other regions that specialize on furniture production, meat processing and polygraph works.

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