Bank News

SME Bank Finances Expansion of Agricultural Production in the Rostov Region

03 Февраля 2016

SME Bank allocates RUB 120 mln for development of a large agricultural enterprise in the Rostov Region – OOO Manitek (Slobodskoy farmyard). The enterprise will receive resources under SME-Investments credit product via KB Kuban Credit. The borrowing cost for the enterprise is 11.4% p.a., tenor – 7 years.

The resources are provided for purchase of modern warehouses, extension of cultivated areas and for purchase of the irrigation system.

The implementation of the project, the total cost of which is RUB 150 mln, will allow to create additional jobs and to increase tax payments to the regional budget.

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