Bank News

SME Bank Increases the Amount of Guarantees within the Framework of the National Guarantee System up to RUB 100 Mln

25 Июля 2016

From July 26, 2016 SME Bank is accepting applications of partner banks, accredited by JSC SME Corporation, to collateralize loans to SMEs for up to RUB 100 million within the framework of the National Guarantee System (NGS).

SME Bank started to integrate into the National Guarantee System of SME support since March 1, 2016. The guarantees are provided for customers of the partner banks that attract loans for extending their business operations and execution of non-trade state and municipal contracts and other SMEs.

As of July 15, 2016 the Bank has received 412 SME applications for RUB 3 661 million and concluded 34 agreements with the partner banks. Owing to NGS guarantees, the amount of loans to entrepreneurs secured by the guarantee portfolio amounted to RUB 3 121 million. For the entire period the Bank has issued 209 guarantees totaling RUB 1 528 million.

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