OREANDA-NEWS. August 14, 2013. SME Bank (Vnesheconombank group) and FPB Bank (Moscow) are expanding cooperation in the area of SME support.

The partners have concluded an agreement to provide RUB 450 mln to FPB Bank for financing manufacturing enterprises in Moscow, the Moscow region and St. Petersburg. 

The resources are allocated under Refinancing of a Non-trade Sector credit product for 5 years at 16% p.a.

This is the fourth agreement signed between SME Bank and FPB Bank. The credit institutions have cooperated since June 2012: as of today FPB Bank has provided RUB 600 mln to the end-borrowers under Refinancing of a Non-trade Sector and FIM- Targeted credit products.