Bank News

SME Bank and Tatfondbank Have Signed New SME Support Agreements for RUB 2 Bln

15 Сентября 2016
 SME Bank and Tatfondbank have signed new loan agreements providing RUB 2 bln for SME support in the regions of Russia.  The resources are allocated for refinancing of SME loans made by Tatfondbank. Each loan will be secured by a guarantee of SME Bank thus enabling to provide financing to small and medium businesses at below-market rates.

RUB 1.25 billion thereof will be allocated under SME-Priority credit product for funding target segments – residents of industrial and technology parks, contractors of large enterprises and SMEs-exporters. The remaining resources – RUB 750 mln will be allocated under SME-Investments credit product for long-term investment business-projects.
 
SME Bank and Tatfondbank have cooperated under the SME Lending Support Program since 2004, the amount of partner agreements has exceeded RUB 9.5 bln.


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