Bank News

SME Bank Is Increasing the Lending Limit of Bank ZENIT up to RUB 5.5 Bln

02 Августа 2016

SME Bank has increased the lending limit of Bank ZENIT by RUB 670 mln. Upon signing the agreement, the lending limit of Bank ZENIT under the SME Bank Program reached RUB 5.5 bln.

Small and medium-sized enterprises will be able to receive loans at an interest rate of below 14.5% p.a. for 7 years under SME-Investments credit product. Under this product, the maximum loan amount for the company is 150 million rubles. At that, SMEs may allocate no more than 30% of the loan amount for financing of day-to-day operations and 70% - for investment purposes.

The cooperation between SME Bank and Bank ZENIT in the area of SME support started in the spring of 2014. During the entire period the partners have concluded 18 agreements for RUB 5 616 mln and 200 enterprises have received financial support.

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