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In the beginning of September the Board of the Directors of European Bank of Reconstruction and Development (EBRR) is planning to consider question on organization of syndicated loan for Kreditprombank for amount of USD 30 million. Direct participation of EBRR in this project is expected to be on the level of USD 10 million with funds provision for three years. Funds of other participants of the loan are planned to be granted for 18 months with the possibility of further prolongation for the same period. The loan will be used for financing of projects in the sphere of small business.
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