OREANDA-NEWS. February 12, 2013. SME Bank (Vnesheconombank Group) has provided RUB 300 Million to FTK Factoring Company (Moscow) for SME support under assignment of receivables. The financing was provided under Factoring-Bank credit product for 2 years, reported the press-centre of SME Bank. 

The support will be provided to SMEs producing food, consumer goods and involved in construction, agriculture, services and trade. For SMEs operating in the non-trade sector the credit interest rate will not exceed 17% p.a. 

SME Bank and FTK have cooperated since May 2011. They have concluded 4 loan agreements totaling RUB 600 million. The funds were channeled to 84 SMEs in different regions of Russia.