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Russian Bank for Development increased credit line for Bank Center-invest.

Russian bank for Development (RusBD) extended credit line for Bank Center-invest for lending to small enterprises of the South of Russia up to USD 5 million. These funds will be directed to financing of investment projects of construction and industrial enterprises.

Last year RusBD increased credit line for Bank Center-invest up to USD 3 million. In the frames of agreement 41 loans have been granted. Successful realization of joint program gave a possibility to increase credit line limit in 2005.

Bank Center-invest has already attracted 100 000 000 euro to the economy of the South of Russia, due to cooperation with the largest international finance organizations – EBRD, International Finance Corporation, US Agency for International Development, German corporation for investments and leading foreign credit banks.