OREANDA-NEWS. On June 06-08, 2008 S.Krjukov, Chairman of the Managing Board of RBD took part in XII St.Petersburg International Economic Forum, reported the press-centre of RBD.
 
Within the framework of the forum S.Krjukov made a report at a round table “Small Business in Big Russia” dealing with SME lending support. In his report he focused on RBD’s implementation of the corporate strategy of the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” relating to SME funding.

Thus, according to RBD’s CEO among the bank’s key objectives for the near-term outlook there are enlarging the number of counter-party banks in every RF member-entity, enhancing financing of the regional banks as well as introduction of  differentiation of an interest bearing policy to support priority sectors in the context of the regional specifity. Funding of business-incubators, technical parks, micro-finance organizations and other SME infrastructure support entities is not less important.

In this area the Bank has signed a number of agreements both with the administrations of the member-entities and with special financing centers.
 
In his report Sergey Krjukov also focused on the Bank’s regional policy. In the context of regional specificities the Bank has drawn up a package of measures aimed at implementation of the Bank’s mission. Such differentiated approach will enable the Bank to more precisely concentrate on resolving issues of SME lending support in certain regions.
 
In order to attain positive results RBD intends to enlarge information support and consulting services to counterparty-banks and SMEs. Moreover RBD considers necessary to communicate efficiently with governmental agencies with the view to improve regulatory framework and SME lending support programs.
 
Within the forum’s framework an exhibition was organized where the participants could view an exhibition stand of the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”. One of the stand’s sections was devoted to RBD’s SME lending support.