MDM Bank has become the laureate of the Prize «Banking» in nomination «For advances in the development of crediting small and medium businesses»
Loan Program Small and Medium Business, MDM-Bank launched massively in the 34 branches in early summer 2006. Less than a year of work, a portfolio of loans for small and medium-sized businesses reach the target of 222 million U.S. dollars. Number of loans in the portfolio at the end of May is just over 4 700 loans. The goal is that by the end of 2008 the volume of such loans in the portfolio of the bank U.S. $ 1 billion.
To achieve these goals are developed and are actively working nine credit programs that meet the diverse needs of small and medium-sized businesses. Among them are sufficiently flexible generic products - «MDM Express», «MDM-Micro», «MDM Small», which are suitable for the current financing business, and for investment purposes and differs from each other by the amount and timing of the approach to Services. Besides these loans there are products for specific goals and objectives, such as «MDM Cars» on the purchase of vehicles and machinery, «MDM Resource» - on the purchase of commercial real estate and equipment under the pledge of the acquired assets, «MDM-Line», providing continuity finance working capital and intended mainly for the wholesale trade. A number of credit products provides a simplified procedure for dealing with applications «MDM Simplified» and loan bail lucrative real estate. The use of modern technology allows the scoring of MDM-Bank as soon as possible to offer loans without collateral, with partial support, under the purchased property, as well as long-term financing for up to seven years.
Not looking for a short period of the program in MDM Bank, the first results are reflected in renkinge RA «expert» «Banks in terms of the loan portfolio of small business at 1 January 2007» . According to this renkignu, MDM Bank is the 6 largest loans, while in a number of major players in this market, with many years experience working with small businesses.
According to the Department of MDM Bank's lending to small and medium-sized businesses Vincenzo Trani: «Bank works in close collaboration with international organizations and bodies of local administration, taking an active part in the celebration small businesses. We see one of their tasks involved in building effective small business with financial institutions ».
