Orient Express Bank has received the first tranche from EBRD

2007.12.27

As was planned before, on December 24, 2007 Orient Express Bank has received the first tranche in the amount of 225 million Rubles within the framework with EBRD (the Agreement for 450 million Rubles) aiming on the development of entrepreneurship on the Russian Far East. The resources are due to 2013.

The successful delivery of the first part of the Russian Small Business Financing Agreement in 2007 will allow accrediting small enterprises in the first quarter of 2008.

It is planned that the second tranche will be received in 2008.