Bank News

SME Bank Allocates RUB 100 for Investment Projects in Siberia

30 Августа 2016

SME Bank provides RUB 100 million for SME projects in the Siberian Federal District under a new agreement with Bank Levoberezhny.

The funds are allocated under SME-Investments credit product. SMEs will get financing for 7 years at an interest rate of below 14% p.a. The resources can be channeled for purchase and repair of fixed assets, purchase, reconstruction and construction of production facilities.

Entrepreneurs of Siberia actively participate in the SME Bank Program. Since 2003 over 6 thousand regional SMEs have received RUB 53.2 billion. The weighted average interest rate on the loan portfolio is 13.3% p.a.

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