OREANDA-NEWS. October 30, 2009. Teleconference on providing the state’s financial support for small and medium-sized enterprises in the Siberian Federal District was held in Moscow at the Presidential Administration’s Situational Center.

In attendance of the teleconference were Deputy Presidential Plenipotentiary Representative in the Siberian Federal District Vladimir Psarev, Management Board Member, Vnesheconombank Deputy Chairman Mikhail Kopeikin, Russian Development Bank Management Board Chairman Sergei Krykov, Deputy Director of the SME Development Department of the Russian Economic Development Ministry Natalia Larionova. The format of the conference allowed representatives of regional authorities and banks comprising the Siberian Federal District to participate in the conference.

The main theme of the conference was to discuss topical issues of implementing the program of providing the state’s support for SMEs by Vnesheconombank through its subsidiary bank – the Russian Development Bank. The participants discussed the first results of the Program of Supporting SMEs in the Siberian Federal District, studied the experience of the Russian Development Bank’s cooperation with regional banks and mechanisms for selecting and monitoring partner banks in the regions of the Siberian Federal District.

Under the Program, 4 billion 374 million rubles were made available to SMEs in the Federal Siberian District and this is 17.56% of the total amount of funds made available for SMEs in the Russian Federation.

The program of providing financial support for SMEs is being implemented with due regard to the need for giving equal access to credit resources in all regions. The program’s mechanism for reconsidering regional limits provides for increasing limits for the regions where there is an increased demand for financing SMEs through the use of unused limits in the regions where the demand is not sufficient.

In the course of the Program’s implementation they started to conduct new transactions to support SMEs through leasing and factoring companies and microfinance institutions.