OREANDA-NEWS. November 28, 2014. SME Bank (VEB Group) has provided guarantee support for a machinery manufacturing company “MTE KOVOSVIT MAS” (the city of Azov) implementing a large investment project in the Rostov Region.

The estimated project volume is RUB 2 bln.

The guarantee of RUB 400 million covers 50% of a loan granted to the enterprise by IFC Bank (Moscow).

SME Bank implements the guarantee mechanism in compliance with the Resolution of the Supervisory Board of Vnesheconombank dated April 26, 2013 in order to ease access to financial resources for medium-sized business.