Bank News

SME Bank Has Provided RUB 310 Million to B&N BANK for SME Support

24 Августа 2016
SME Bank and B&N BANK are intensifying cooperation in the area of SME support. The partners have signed new loan agreements for RUB 310 million. The funds are allocated under SME-Duet and SME-Investments credit products for 7 years and will be provided to SMEs at an interest rate of below 15% p.a. Entrepreneurs will be able to refinance the loans and to obtain resources for projects already launched. Part of the funds will be used for investment purposes – purchase and repair of fixed assets, the purchase, reconstruction or construction of facilities for expansion of production and for current operations.

SME Bank and B&N BANK have cooperated under the SME Support Program since 2013. The partners have concluded 24 loan agreements for RUB 4.2 billion. 454 SMEs have received support

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