SME Bank Provided RUB 700 Million to Banca Intesa
OREANDA-NEWS. October 21, 2014. SME Bank (Vnesheconombank Group) has entered into loan agreements with Banca Intesa (Moscow) for RUB 700 million under the SME Lending Support Program. The resources are provided under FIM-Targeted credit product for 5 years at an interest rate of below 12.25% p.a.
The support will be provided for enterprises implementing innovative, modernization-related and energy efficient projects in the Central, North-Western, Urals, Siberian, Volga, South and Far-Eastern Federal Districts.
Inteza Bank has been participating in the SME Bank Program since December 2012; the partners have concluded 7 agreements for RUB 4 billion. The funds for business development were granted to 149 enterprises.
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