Bank News

SME Bank and Investtradebank Expand Cooperation under FIM-Targeted Credit Product

05 Декабря 2013

SME Bank (Vnesheconombank Group) and Investtradeban kare expanding cooperation in the area of SME support. The partners have concluded an agreement to provide RUB 419 mln to Investtradebank for financing SME projects related to energy efficiency, modernization and new technologies.

The resources are allocated under FIM-Targeted credit product for 5 years. The borrowing cost for SMEs is12.25% p.a.

The credit institutions have cooperated since 2009. Since then Investtradebank has provided RUB4.6 blnto270 SMEs.

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