OREANDA-NEWS. January 06, 2015. SME Bank (VEB Group) and PERESVET Bank are expanding cooperation in the area of SME support.

The partners have signed a loan agreement of RUB 364 million under SME - Non-trade Sector credit product. The support is provided for companies involved in manufacturing, construction, agriculture and services.

SMEs will receive financing for 5 years. The resources are destined for stimulation of production activities, creation of material and technical basis of new enterprises, export operations, import-substituting projects and execution of governmental contracts.

SME Bank and PERESVET Bank have cooperated since 2009. The institutions have signed 20 loan agreements for over RUB 4 billion.