OREANDA-NEWS. November 22, 2010. The Bank of Moscow has raised its lending limits for standard programmes. The limit under the "Credit for development of individual entrepreneurship" programme, for instance, has been increase from 2 to 3 mln rubles and those under the "Microcredit" and "Express overdraft for small enterprises" programmes have been increased from 3 to 5 mln rubles. Under the programme "Credit for development of small business", a sum of 25 to 50 mln rubles may now be obtained.

The Bank of Moscow offers a total of 6 lending programmes for supporting individual entrepreneurship and small business enterprises. Their main distinguishing feature consists in rapid consideration of the credit application and decision-making.

"Our clients are attracted both by the possibility of receiving big credit sums and for a long period without providing property as collateral, and by the competitive rates", commented Irina Nikitenko, Vice-President of the Bank of Moscow. "We regularly review and improve the terms of small business lending, particularly by reducing the interest rates, and develop new services. For instance, we have recently offered companies self-encashment services, that is, acceptance of monetary funds through Bank of Moscow ATMs and their transfer to the client’s disbursement account with the Bank of Moscow".