Bank News

SME Bank Is Building Up Its Support to SME Investment Projects

04 Мая 2016

SME Bank and Bank ZENIT have signed a new agreement for RUB 500 mln providing support to SMEs that intend to develop their production facilities.

The financial support stipulated by the agreement will be provided to SMEs under SME-Investments credit product for 7 years at an interest rate of below 15.75% p.a. The entrepreneurs will be able to get resources for purchase and repair of machinery, equipment and other fixed assets as well as for acquisition of buildings and land required for expansion of production. At that, SMEs may direct for financing of day-to-day operations no more than 30% of the loan amount.

Upon signing the agreement, the lending limit of Bank ZENIT under the SME Bank Program exceeded RUB 4.6 bln. As of today, over 200 SME projects have received financial support.



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