For Partners

The OJSC SME Bank has been implementing the State SME Lending Program since 2004

The strategic objective of the Bank with respect to SME support is the enhancement of financial assistance to SME entities, with a view to:

  • diversify the economic structure;
  • increase employment and promote self-employment;
  • boost the GDP;
  • raise fiscal revenues;
  • establish the middle class.

The principal goals of the Bank with respect to SME support are:

  • to provide equal access for SMEs to mid- and long-term financial resources in all areas of the Russian Federation, primarily in resource poor regions;
  • to provide priority financial support for manufacturing businesses, and for enterprises implementing innovative and high-technology projects thus assisting the transformation of the loan services sectoral makeup;
  • to finance the creation and development of the SME support infrastructure (microloans businesses, business incubators, leasing companies, regional SME support funds, technological parks, multifunctional SME business centers etc.).

On June 19, 2009 the Bank launched the Refinancing Program

The Program is implemented under the Procedure for the Provision of SME Financial Support by the State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) approved by the Vnesheconombank Supervisory Board on February 05, 2009.

SME support is provided along two pathways:

Financial support can be provided for a business or an entrepreneur classified as an SME and meeting the standards (terms) of SME lending. For this purpose the SME has to apply to a Program participant (a bank or infrastructure entity).

The OJSC SME Bank does not provide funding or other services directly to SMEs.

As part of the Program’s implementation the OJSC SME Bank performs:

  • assessment and selection of the Program’s participants;
  • distribution of funds among the latter for subsequent SME support;
  • control over the intended use of allocated funds.

Financial assistance is provided in compliance with the requirements of the regulations governing the operations of the OJSC SME Banks under the Program.

Please, address questions on the state SME lending to the following e-mail

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