Company Overview of Open Joint Stock Company Russian Bank for Small and Medium Enterprises Support
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
Founded in 1999
Key Executives for Open Joint Stock Company Russian Bank for Small and Medium Enterprises Support
Deputy Head of Department for Retail Business
Compensation as of Fiscal Year 2015.
Open Joint Stock Company Russian Bank for Small and Medium Enterprises Support Key Developments
JSC SME Bank Announces Earnings Results for the First Half of 2015
Aug 24 15
JSC SME Bank announced earnings results for the first half of 2015. For the first half, the company reported net profit was dropped by 24% to RUB 52 million from RUB 68 million the year before. Pre-tax profit increased to RUB 161 million from RUB 37 million.
JSC Russian Bank for Small and Medium Enterprises Support Announces Earnings Results for the First Quarter of 2015
Aug 6 15
JSC Russian Bank for Small and Medium Enterprises Support announced earnings results for the first quarter of 2015. For the quarter, the company reported RAS net profit grew 4.8 times to RUB 190.304 million from RUB 39.403 million in first quarter of 2014. Pre-tax profit increased to RUB 258.648 million from RUB 63.009 million.
SME Bank and Peresvet Bank Conclude New Loan Agreements
Jul 1 15
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.
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