Bank News

SME Bank Has Issued a Guarantee to IT Synthesis, the Novosibirsk Manufacturer of Boiler Equipment

02 Сентября 2016
SME Bank has issued a guarantee to IT Synthesis, the Novosibirsk manufacturer of modular boilers and boiler equipment. The guarantee of RUB 38.5 million rubles will secure 50% of the loan granted by SME Bank to the company to replenish the working capital.
IT Synthesis specializes in power supply of Russian companies and housing and communal services with application of the state-of-the-art technologies in the field of small-scale power generation. The company’s business portfolio consists of state and municipal contracts.
SME has implemented the SME Lending Support Program in the Novosibirsk Region since 2003. According to the Bank’s Analytical Center, the region ranks 30-s in the Index of Participation Activity in the Program out of 85. For the entire period 997 regional enterprises have received lending support for RUB 17 bln. 

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