FORUS Bank has received a ruble loan from ING Bank Netherlands

The loan in the amount of RUR 70 million (equivalent of € 2 million) was disbursed to FORUS Bank in December 2007. At a time when foreign markets are wavering in their support of Russian banks, the loan enables FORUS Bank to reliably provide loans to over 13,000 private entrepreneurs and small business enterprises, resulting in 6. 5 K jobs created and more than 27 K supported in 2007.

The signing of the loan agreement took place in Amsterdam, Netherlands at ING’s headquarters where the ING Microfinance Support unit oversees projects globally. Cooperation with leading foreign investors contributes not only to strengthening the image of Russian banks abroad but also to the steady development of private entrepreneurship and small business in Russia.
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FORUS Bank provides qualitative banking services to physical persons as well as to developing businesses with limited access to traditional financial resources. The bank is a member of Opportunity International Network that is one of the largest global microfinance networks. The Central Office of the Bank is located in Nizhny Novgorod. 43 Credit-Cash Offices of Forus bank work in 29 regions of European part of Russia.
ING Group, including ING Bank Netherlands, is international company of Dutch origin with 150-year-history. The company provides a wide range of financial services including banking, insurance, and trust management services in more than 50 countries worldwide. ING Group’s assets are EUR 1,227 billion. In market capitalization, ING ranks among the fifteen largest financial institutions in the world and five largest institutions in Europe.