International Practical Conference «Russian Financial Market» International Practical Conference «Russian Financial Market»
SMALL AND MEDIUM BUSINESS AS THE BASE OF THE STABLE CIVIL SOCIETY
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News

03/08/2007

Russ-Bank has issued more than 2 billion rubles. lending program for small and medium business

The amount of funds issued by the Program Loan for SME (PSC) Russ-Bank more than 2 billion rubles. As at 1 August 2007 was issued more than 1 thousand credits. To date, the amount of the loan portfolio of 1.5 billion rubles.

As noted in a press release the bank, the leader in volume of funds is given Yaroslavl Branch, loans amounting to 278 million rubles. Also, a significant increase in the loan portfolio, the PSC ensure Moscow (more than 164 million rubles), Novosibirsk (163 million rubles.) And Ufa (144 million rubles.) And Baikal (122 million rubles) branches.

Main conditions and benefits of the program is simple and fast - up to 3 days - the procedure for granting a loan, the maximum amount of credit - 7 million rubles., A grace period of repayment of the loan - up to 12 months, the possibility of replacing part of the collateral - in the it is not enough - a guarantee of an insurance company Rosgosstrakh.

On 01.08.2007 was about 84% of credit funds have been issued for working capital, 16% - on the purchase of fixed assets and other capital investments. 73% of credits are granted for a period of more than a year. The volume of loans issued under the guarantee Rosgosstraha amounted to 115 million rubles. And from the federal budget by borrowers to recover the cost of guarantee on the 1.5 million rubles.

Source: Kredity.Ru

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