Bank News

SME Bank Allocates RUB 200 Mln for SME Support in the Siberian Federal District

01 Февраля 2016

SME Bank allocates RUB 200 mln for SME support in SFD under 2 new agreements with Bank Levoberezhnyi: RUB 150 mln - under SME-Investments credit product and RUB 50 mln – under SME-Priority credit product.

The entrepreneurs will be able to get 7 years resources under SME-Investments credit product at an interest rate of below 15.25% p.a. for purchase and/or repair of fixed assets (machinery, equipment, software, etc.), purchase, reconstruction or construction of buildings and premises required for expansion of production. The financing can also be provided for day-to-day operations: purchase of raw materials, and for rental, salary and tax payments.

The resources under SME-Priority credit product are allocated for support of SMEs – residents of industrial parks, contractors of large enterprises and exporters. The financing under this product is provided for 5 years at an interest rate of below 15.5% p.a. for a wide range of purposes – both for the implementation of investment projects and for financing of current operations.

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