Bank News

SME Bank Has Provided RUB 800 Million to Metallinvestbank for Factoring Operations

06 Декабря 2012

SME Bank (Vnesheconombank Group) and Metallinvestbank have signed a new loan agreement under Factoring-Bank credit product. A loan of RUB 800 million is provided for 1 year for financing under assignment of receivables for entrepreneurs involved in manufacturing, construction, trade and services.

Cooperation between SME Bank and Metallinvestbank started in July, 2010. Over this period the partners have concluded 4 loan agreements for a total amount of 3.2 billion rubles.

Factoring credit products have been offered by SME Bank since November, 2009: 48 loan agreements for a total amount of RUB 20.1 billion have been concluded under Factoring-Bank credit product supporting 2562 SMEs in 51 Russian regions.

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