Bank News

SME Bank Is Opening Several Credit Lines for METCOMBANK for SME Support

01 Августа 2016

SME Bank and METCOMBANK have signed three loan agreements providing RUB 300 mln for SME support. The resources are allocated under SME-Duet and SME-Investments credit products for up to 7 years at an interest rate of below 14% p.a. and under SME-Priority credit product for up to 5 years at an interest rate of below 14.3 % p.a.

Under the agreements RUB 200 mln will be provided under SME-Investments credit product for the long-term loan support to entrepreneurs implementing investment projects and RUB 50 mln - under SME-Duet credit product to support previously launched projects. The remaining resources – RUB 50 mln will be directed to targeted support of SMEs – contractors of major enterprises, exporters and residents of industrial parks.

SME Bank has successfully cooperated with METCOMBANK since 2009. Joint efforts have enabled the partners to support 186 SMEs for 1.461 billion rubles.

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