03 June 2004 12:46
DEG TO DEVELOP RELATIONS WITH REGIONAL BANKS
NIZHNY NOVGOROD. June 3 (Interfax) - Deutsche Investitions-und Entwicklungsgesellschaft (DEG) plans to expand its
cooperation with regional Russian bnaks, a company spokeswoman said at a press conference Wednesday in Nizhny
Novgorod.
DEG plans to offer loans to regional banks for small and mid-scale business financing programs and it already has
some banks in mind, the spokeswoman said.
NBD Bank and DEG signed a credit agreement on Wednesday, whereby the Nizhny Novgorod bank will receive $3 million and
2.5 million euros for five years, NBD Bank Chairman Alexander Sharonov said.
[Interfax] |
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