Bank News

Sergey Krjukov: "Standardization of Operations of Regional Funds Will Improve Lending Provided by Banks to SMEs"

04 Февраля 2014

On February 3, 2014 Dmitry Medvedev, Chairman of the RF Government held a meeting on SME support. The participants discussed proposals to enhance affordability of credit instruments and to improve the procedure for issuing guarantees for medium-sized enterprises.

The meeting was attended by Igor Shuvalov, First Deputy Prime Minister of the Russian Federation, Andrei Belousov, Assistant to the President of Russia, Anton Siluanov Minister of Finance, Alexey Ulyukaev, Minister of Economic Development, Elvira Nabiullina,Chairperson of the Bank of Russia, Vladimir Dmitriev, Chairman of Vnesheconombank, Sergey Krjukov, SME Bank CEO, representatives of banks and business associations.

The meeting decided to establish a national system of guarantee organizations with a single coordinating center - Credit Guarantee Agency.

Since August 2013 SME Bank has been acting as operator of the SME guarantee support mechanism. The total amount of guarantees issued since the beginning of the program - RUB 1.06 billion.

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