OREANDA-NEWS. The Bank of Moscow reduces rates on loans for small size business enterprises. Prior to 31 December 2013 the rates on most demanded credit products such as Turnover", "For Business Development" and "Prospects for Business" will be reduced by 0.5 to 1.0 percentage points on average.

Rates on short and medium term loans extended for the term of 1 to 2 years (including those on revolving lines of credit) with the purpose of financing the working capital of small size businesses will undergo biggest changes. Depending on the maturity period and the amount of loan the rates were reduced to 1.5 percentage points. Loans at a reduced rate can be extended to small size legal entities and individual entrepreneurs whose annual turnover does not exceed 300 million RUR.

"Trying to meet the needs of small size business the Bank of Moscow offers its clients most favourable conditions of credit including competitive rates", comments Ekaterina Orlova, Director of the Small Size Business Department of the Bank of Moscow. "In the height of the business season we offer our clients an excellent opportunity to obtain accessible financing, first and foremost to finance their working capital."