OREANDA-NEWS. November 28, 2008. Sergey Krjukov, Chairman of the Managing Board of the Russian Bank for Development took part in the IХ International Banking Forum and made a report “New Trends in SME Lending", reported the press-centre of RBD.
 
In his report the Head of RBD mentioned that SME loan support is one of the main responsibilities of the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”.

This function is accomplished via its subsidiary – the Russian Bank for Development. S. Krjukov stated that the size of SME lending allocated by Vnesheconombank to the Program implementation shall be increased up to RUR 30 billion. The Russian Bank for Development is working out a number of new areas of operations with the view to implement the government program of SME loan support.

In particular RBD intends to increase by far funding of SME infrastructure entities, to establish procedures for refinancing of loan portfolios, to develop micro-crediting and alternative financing methods. Moreover the Bank intends to intensify usage of subsidizing interest rates and SME loan warrantees (guarantees).

Along with these measures RBD will continue development the two-tier lending system by attraction more regional counter-party banks, to raise limits assigned to the counter-party banks, to work out methods of marking down SME lending rates, to promote funding to priority sectors and projects and to lengthen terms of credits to the counter-party banks gradually.

Chairman of the RBD Board focused on the necessity of efficient combining of the budget financing and lending support to the SME sector. He said that the best result could be attained when rendering targeted assistant with the use of earmarked credit products. “The result of this work shall be the following: coming to his “home” bank an entrepreneur shall be sure that he will obtain a required loan with a maturity, which he needs”, S. Krjukov summarized.