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August 04, 2015 11:19 PM ET

Banks

Company Overview of Open Joint Stock Company Russian Bank for Small and Medium Enterprises Support

Company Overview

Open Joint Stock Company Russian Bank for Small and Medium Enterprises Support provides financial assistance for small and medium enterprises in the Russian Federation. The company offers financial support for small and medium non-trading enterprises performing modernization of production and involved in innovative, and resource-saving or energy-efficient projects. It provides its services through regional partner-banks and infrastructure organizations, including leasing and factoring companies, microfinance organizations, and regional funds. The company was founded in 1999 and is based in Moscow, the Russian Federation. Open Joint Stock Company Russian Bank for Small and Medium Enterprises ...

79, Sadovnicheskaya Street

Moscow,  115035

Russia

Founded in 1999

Phone:

7 495 783 7998

Fax:

7 495 783 7974

Key Executives for Open Joint Stock Company Russian Bank for Small and Medium Enterprises Support

Chief Executive Officer
Finance Director
Head of Retail Division
Deputy Head of Department for Retail Business
Head of Press-Center
Compensation as of Fiscal Year 2015.

Open Joint Stock Company Russian Bank for Small and Medium Enterprises Support Key Developments

SME Bank and Peresvet Bank Conclude New Loan Agreements

SME Bank (VEB Group) and Peresvet Bank have concluded new loan agreements for the financing of SME businesses for a total amount of RUB 1.145 billion, SME Bank informed. In particular, RUB 600 million will be earmarked for loans to support SME businesses under the SME-Region product in regions the development of which is prioritized by the government (the Far East and North Caucasus federal districts) as well as in single-industry cities of the red and yellow zones with most difficult economic and social conditions. SME businesses will be able to borrow up to RUB 60 million for each project at a rate of no more than 13.5% p.a. The loan period will be up to 7 years. Financing under this program may be provided for the following purposes: purchase or repair of fixed assets, production expansion or new industrial projects, financing of the SME business's current activity including the acquisition of commodities and materials, raw products and materials, lease payments, salaries, taxes, payment for works and services. The remaining amount will be used to finance the modernization or application of new technologies at enterprises, to support industrial, agricultural and service companies. The cost of borrowing for SME businesses will depend on the loan product and will not exceed 15% p.a.

Bank Saint-Petersburg to Provide RUB 300 Million for Financing SME Businesses to SME Bank

SME Bank (VEB Group) and Bank Saint-Petersburg OJSC have entered into a cooperation agreement. Under the agreement Bank Saint-Petersburg will provide RUB 300 million for financing SME businesses under the FIM Target product (production expansion or new production projects, purchase of motor vehicles, equipment, construction and repair of premises, energy efficiency improvements or application of new production technologies).

AO Russian Bank for Small and Medium Enterprises Support Approves Revised Bylaw

On March 02, 2015, AO Russian Bank for Small and Medium Enterprises Support (SME Bank)'s sole shareholder Vneshekonombank approved the revised Bylaw on the Supervisory Council of the bank.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 17, 2014
--
Private Placement
August 6, 2014
--
 

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To contact Open Joint Stock Company Russian Bank for Small and Medium Enterprises Support, please visit www.mspbank.ru. Company data is provided by Capital IQ. Please use this form to report any data issues.

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