Bank News

SME Bank Will Provide Warranty Support to Medium-Sized Enterprises in the Amount of RUB 6 Billion

06 Декабря 2013

SME Bank (Vnesheconombank Group) and Promsvyazbank are expanding cooperation in the area of providing state guarantees to medium-sized enterprises. The partners have concluded a framework agreement for issuance of SME Bank guarantees for SME loans of Promsvyazbank in the amount of RUB 6 billion.

The agreement shall improve affordability of credit resources for enterprises that have insufficient collateral to secure a loan “We hope that the agreement with Promsvyazbank will help us to find new socially important projects that comply with the requirements of the Ministry of Economic Development – said Olesya Teploukhova, Member of the Board – Deputy Chairman of the Board of SME Bank. – Implementation of the guarantee mechanism in line with the Bank’s Development Strategy till 2016 shall by far increase our support to fast-growing enterprises in the real economy”.

The credit institutions have cooperated since 2009. Sincethenover 1 200 SMEs have received financing in the amount of 22.2 billion rubles.

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