Bank News

SME Bank Will Reduce Guarantee Fees for SMEs for up to 0.75%

13 Октября 2016

SME Bank will reduce the guarantee fees for SMEs from 1.25% to 0.75%. A corresponding decision was taken on 13 October 2016, following the meeting of the Supervisory Board of the Bank.

This novation is intended to reduce the financial burden on small and medium sized companies applying for credit support within the framework of the National Guarantee System. New guarantee fee rates of SME Bank will be introduced from 14 Oct 2016.

Reducing the size of the SME Bank fees will improve affordability of credit resources for SMEs. The possibility of reducing interest rates on loans for small and medium business was discussed on September 21, 2016 at the meeting of the Council for strategic development of priority projects chaired by the President of the Russian Federation Vladimir Putin.  

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