OREANDA-NEWS. November 19, 2012. SME Bank (Vnesheconombank Group) provides RUB 600 million to Promsvyazbank under SME-Impetus credit product designated for financing SMEs in the non-trade sector, reported the press-centre of SME Bank.

The interest rate for the end-borrowers will be not more than 14.25% p.a. The amount of resources for each SME - up to RUB 60 million, tenors from 2 to 5 years.

The loan to Promsvyazbank is the first loan under SME-Impetus product. This transaction is a substantial contribution of both institutions to development of the manufacturing sector.

SME Bank has cooperated with Promsvyazbank since October 2009. In total SME Bank has extended 970 loans for RUB 6 billion via this partner bank.