Bank News

The Far East Will Receive Additional Support from SME Bank

13 Апреля 2016

Far Eastern Bank has become a new participant of the SME Bank Program concluding the first SME lending support agreement for RUB 300 mln. The resources will be provided under SME-Region credit product for 7 years at an interest rate of below 13.5% p.a.

The financing will be channeled to enterprises registered in the Far Eastern Federal District including single-industry towns with high socio-economic risks. The entrepreneurs will be able to get resources for purchase and repair of machinery, equipment, software and other fixed assets as well as for acquisition of land and buildings required for expansion of production.

Since 2004, 3169 enterprises of the Far Eastern Federal district have received support for RUB 26.85 bln. under the SME Bank Program. As of today, 17 banks and 12 non-bank financial institutions participate in the implementation of the Program in the region. The average weighted interest rate is 13.45%.

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