Bank News

SME Bank and VTB24 Are Allocating RUB 1.4 Bln for SME Support

20 Октября 2016
 SME Bank and VTB24 are intensifying SME support cooperation – recently the partners have signed four loan agreements for RUB 1.4 bln under SME-Investments, SME-Region, SME-Duet and SME-Priority credit products  combined with SME Bank guarantees issued to SMEs under NGS. 

The resources will be used to refinance the SME loans previously issued by VTB24, provided that at least 45% of the amount of the loan will be secured by a guarantee of SME Bank.
SME Bank financing  will enable entrepreneurs to receive loans from VTB 24 for a period of up to 7 years, while the rate on loans, collateralized by SME Bank, will be below market.

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