"Priorbank" invests into Belorussian environment.

The Belorussian "Priorbank" being a part of Raiffeisen Bank International AG group is planning to receive 70 million of dollars from the IFC (the International financial corporation) for credit operations to support projects in sphere of Belarus power efficiency.

It is expected that the IFC board of directors will make a decision concerning the credit and its conditions in May this year.

Credit resources will be allocated to small and average enterprises for equipment modernization and farming economy.

The long-term project has also an ecological component because its realization essence features to cutting-down of blowouts of hotbed gases. An official site of the IFC informs that the company will deal no only with crediting activity but also and consulting support of the project.

11 April 2011
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