OREANDA-NEWS. April 19, 2011. Raiffeisenbank is expanding its lending programme "Quick loan to good hands" (Bystriy kradit v nadyozhniye ruki) to make it accessible for private entrepreneurs and small businesses in more regions. Pledge-free loan of up to RUR600 thousands is granted for up to 18 months. Loan decision is made within three days, reported the press-centre of Raiffisenbank.

Last year the programme was launched as a pilot project in several large cities: Moscow, Saint-Petersburg, Kaluga, Belgorod, Vladivostok, Irkutsk, Stavropol, Krasnodar, Nizhnit Novgorod and Saransk.

Today’s offer is extended to customers in 37 cities where Raiffeisenbank is present, 8 more cities to follow soon.

"At the end of last year we started to offer unsecured loans under the "Quick loan to good hands" programme to small businesses. Since then we’ve been testing the loan decision-making system, assessing the needs of our customers, which has helped us to improve the loan terms," says Oksana Panchenko, member of the management board of Raiffeisenbank in charge of the corporate banking & corporate financing directorate. "The programme has appealed a lot to the businesses, and we have decided to include more cities in its scope. We are also planning to expand the product range soon".