OREANDA-NEWS.  June 03, 2014. SME Bank (Vnesheconombank Group) and ROST Bank expand support to innovative and modernization-oriented SMEs.

The partners have concluded a loan agreement for RUB 500 million under FIM Targeted credit product.

SMEs will receive financing at an interest rate of below 12.25% p.a. for 5 years. The priority are as of support-implementation of new technologies, purchase, repair and upgrade of fixed assets and energy efficiency.

SME Bank and ROST Bank have been cooperating since 2012. The track record includes loan agreements for a total amount of RUB 854 million, 108 SMEs have been financed. As of February 1,2014 67% of resources were allocated to innovative SMEs.