New Prospects of Cooperation with EBRD

2007.12.21

The Agreement dated December 14, 2007 between Orient Express Bank and European Bank for Reconstruction and Development was signed. With the attracted resources in the amount of 450 million rubles due to 2012 the Bank plans to assist in the development of small business in the Far East of Russia and Eastern Siberia.

The cooperation with such competent international organisation as EBRD is an evidence of soundness and transparency of Bank's business concept for investors of the highest rank.

With a help of the resources the Bank is going to extend the range of services for small and medium enterprises in the region and to adopt advanced methods of business running in one of the most important economic segment of the country.

It is planned that the Bank will get first tranche at the end of the year 2007