OREANDA-NEWS. September 27, 2011. On September 7, 2011, a round table was held in the Chamber of Commerce of the Russian Federation on: "The financial institutions with state participation: economic development program through the banking sector", organized by Novikombank in tandem with MBK INTERBANKCLUB.COM and the Committee on Financial Markets and Credit Organizations RF CCI.

The event was organized in order to discuss the current practice of providing "long-term" resources at affordable rates, government guarantees, capitalization instruments for financial institutions with state participation. The purpose of the round table was to explain to the Russian banking sector the opportunities for financial institutions with state participation to get involved in the ever-expanding economic development programmes.

The number of participants points to the relevance and significance of this subject. More than 100 representatives from leading Russian and foreign financial institutions attended the round table meeting. The speakers were Olesya Teploukhova, the Deputy Chairman of the Board of SME Bank, Marina Malaychik, the Executive Director of HMLA, Olga Torbova, the Managing Director of Investment Operations at SME Bank; Werner Peylo, the Director of RUSEFF (EBRD), Daniel Algulyan, the Head of the KfW representation in Russia, Elena Shonya, IFC.

In the round table meeting new SME bank lending programmes for small business and innovation, modern mortgage terms from AHML, and foreign financial institution programmes to develop the economy through the banking system of Russia were discussed.