Ural Bank for Reconstruction and Development offers overdraft schemes for small and medium-scale business
According to the spokesperson for Ural Bank for Reconstruction and Development, the bank started offering the small and medium-scale businesses the new overdraft schemes on December 18, 2006. ‘An overdraft is providing loans via a client’s bank account within a certain limit even though there is currently no money in this account. On December 18, the overdraft became available to the local businesses, and the service will be extended to all the offices and subsidiaries of the bank that offer loans to small and medium businesses,’ says the spokesperson. ‘The bank offers three types of