OREANDA-NEWS.  June 10, 2014. SME Bank (Vnesheconombank Group) expands the list of partners under the SME Lending Support Program.

The Bank has concluded a loan agreement with a new partner – Bank ZENIT – for RUB 200 million. The resources are allocated for 5 years under FIM Targeted credit product and will be channeled to innovative and modernization-related projects of SMEs.

“Development of innovative SMEs is the most challenging task for banking organizations. It is very difficult to create comfortable business environment for SMEs taking into account high risks caused by lack of reliable collaterals, – pointed out Dmitry Golovanov, First Deputy Chairman of the Board of SME Bank. – We hope that cooperation with Bank ZENIT will enable us to extend support to socially important SME projects creating new jobs”.