Bank News

SME Bank Has Allocated RUB 200 Mln for SME Support in Tatarstan

23 Декабря 2015

SME Bank and Tatfondbank have signed a new agreement providing RUB 200 mln for SME support in the Republic of Tatarstan under FIM-Targeted credit product. The local entrepreneurs will be able to get 5 years resources for modernization and development of production at an interest rate of below 13.25% p.a.

The financing will be provided to SMEs for purchase of intangible assets (patents, licenses and other intellectual property) and for purchase and/or repair of fixed assets (machinery, equipment, and computers), acquisition of land, buildings and premises required for expansion of existing and creation of new production.

The Republic of Tatarstan is top among Russian regions in attracting SME Bank’s resources – 3634 regional SMEs have received nearly RUB 28.55 bln. Currently 47 partner banks, leasing and factoring companies, microfinance organizations and funds participate in SME Bank’s Program in the republic. SME Bank and Tatfondbank have cooperated since 2004. As of today the support portfolio consists of 901 enterprises for nearly RUB 8.93 bln.

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