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The Credit Moscow Bank obtained a long-term loan of WBC (USA)

01.07.10

On June 30th, 2010 the Credit Moscow Bank (OJSC) and World Business Capital (WBC) company signed a credit agreement according to which on July 1st, 2010 the Bank has been given US$ 1,6 million within the agreed limit of US$ 5 million for the period of 7 years with OPIC agency guarantee.

The Credit Moscow Bank (OJSC) plan is to use the obtained funds to enlarge the small and middle business loan program.

“Conclusion of the agreement with WBC is the evidence of high level confidence to the Credit Moscow Bank (OJSC) from international investors, - Olga Lyguina, the Bank Director, says summing up the joint work. – Our Bank is planning to obtain funds from international markets in the future as well”.

World Business Capital (WBC) is a commercial financial organization the specialization of which is to support small and middle business. The company was based in 2003, the WBC headquarter is located in USA (Connecticut).

OPIC is the state corporation founded by the USA Government in 1971 assisting to the private sector at risk management related to direct foreign investments and supporting investments to joint companies at emerging markets. The OPIC goal is to stimulate economical development and establish long-term partner relations between American and international organizations.   



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Small Business Loans

Moscow: tel.: (495) 72-707-72; fax: 237-52-98; Address: 8, 6th Monetchikovsky Lane.
Saint Petersburg: tel.: (812) 635-75-75, fax: 310-13-69; Address: 54, Sadovaya Street.

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