OREANDA-NEWS. August 20, 2012. The Novosibirsk subsidiary of the Bank of Moscow has won a tender among banks participating in the programme for extending loans and granting bank guarantees under suretyship of the Novosibirsk Region Small and Medium-sized Business Development Fund, reported the press-centre of Bank of Moscow. 

A limit of 100 million roubles has been opened for the Novosibirsk subsidiary for extending Fund suretyship under loan agreements and agreements on bank guarantees granted to small and medium-sized business enterprises by the Bank of Moscow.

Extension of credit to small and medium-sized businesses within the scope of the state support programme being implemented by the Novosibirsk Region Small and Medium-sized Business Development Fund is being carried out by the Bank of Moscow in accordance with an Agreement on Co-operation concluded in June this year between the Bank of Moscow and the Government of the Novosibirsk Region.

The Bank of Moscow is currently taking an active part in developing the market for providing credit to small and medium-sized business entities in the Novosibirsk Region, the given sphere being one of key significance for the Bank. The Bank of Moscow subsidiary in Novosibirsk holds leading positions in servicing enterprises of the given sector: the current volume of the credit portfolio in this sphere is 2.5 billion roubles and the branch has over 6.5 thousand small and medium-sized business clients.