OREANDA-NEWS. May 06, 2014. SME Bank (Vnesheconombank Group) expands support to modernization-related and innovative SMEs: in 2013 the Bank concluded 1707 loan agreements with its partners for RUB 20 billion.

The resources were provided under FIM Targeted, SME-Maneuver and SME-Idea credit products.

The support to innovative small and medium-sized enterprises is one of the core business areas of SME Bank fixed in its development strategy: by 2016 the Bank intends to increase lending support to innovative SMEs up to RUB 72.6 billion.