Bank News

SME Bank Intensifies SME Leasing Support in the Northwestern Federal District

14 Июня 2016
SME Bank and Baltic Leasing (St. Petersburg) have signed a new agreement for RUB 300 million for SME support in the Northwestern Federal District. The company will purchase equipment and machinery and lease it to small and medium enterprises for 5 years under Leasing–Targeted credit product

SME Bank and Baltic Leasing have cooperated under the SME Lending Support Program since 2009. As of today, the partners have concluded agreements for RUB 2.8 billion. Due to efficient cooperation over 900 SMEs have received new machinery and equipment.

Since the beginning of the Lending Support Program implementation (in 2004) over 4.6 thousand SMEs in the district have received support for RUB 61.1 bln. 74 partner banks and non-bank institutions participate in the Bank’s program. The average weighted interest rate on the portfolio of loans provided by the partner banks to entrepreneurs is 13.27% p.a.

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