OREANDA-NEWS.  July 05, 2013. SME Bank (Vnesheconombank group) has held a round table on the mechanism of guarantee support to medium business, basic conditions and reporting requirements.

The meeting was attended by representatives of Vnesheconombank, VTB24, Rosselkhozbank, NOMOS-BANK, URALSIB, Promsvyazbank, Globexbank, Sviaz-Bank, Unicredit, Vozrozhdenie, Obrazovanie and others.

Pursuant to the decision of the Supervisory Board of Vnesheconombank as of April 26, 2013 SME Bank is appointed operator of the guarantee support mechanism. The key objective of this mechanism is to provide affordable financial resources for medium business (100 - 250 employees, sale proceeds:  400 mln. - 1 bln. Rubles).

The guarantees will cover 50% of the loan amount, but not more than RUB 1 bln. Tenors up to 10 years. The maximum guarantee fee rate - 1.8% p.a.