Bank News

SME Bank Analytics: the Situation with Interest Rates for SMEs Has Stabilized

13 Мая 2016

The SME Bank analysts have recorded a decrease in the average interest for SME products by 2.6 percentage points to 18.1% in Q1 2016, compared to the same period of 2015.

At that, the interest rates have risen slightly by 0.1% against Q4 2015. The rates ranged from 12% to 27% per annum.

The data were obtained in the course of analysis of credit products of 30 banks included in TOP-100 Russian banks.

According to the survey conducted by the Analytical Center of SME Bank, the interest rate may decrease to approximately 17.7% per annum in Q2 2016.

As of 1 April 2016, the average weighted interest rate on loans provided by SME Bank partners amounted to 13.28%, which is by 4.82 percentage points below the market.

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