OREANDA-NEWS.  The Bank of Moscow took part in an Interregional Forum for entrepreneurs "Territory Of Life - Territory Of Success" organized by an All-Russia public organization of small and medium entrepreneurship OPORA ROSSII as an official partner of the event.

Within the framework of the Forum the Bank of Moscow and OPORA ROSSII signed an Agreement on cooperation and partnership to support small and medium entreprises. The Agreement was signed by President-Chairman of the Board Mikhail Kuzovlev on the part of the Bank of Moscow and President Alexander Brechalov on the part of OPORA ROSSII.

The Bank of Moscow pays special attention to supporting small business. At present the Bank occupies the leading market position in respect of small entrepreneurship crediting by the rate of credit portfolio growth. Thus, in 2013 the Bank of Moscow small business credit portfolio increased by 2.8 and amounted to 25 bln rubles at the beginning of 2014.

The signed Agreement will give additional momentum to the development of small and medium business financing in Russian regions. The partnership defined within the framework of the Agreement will foster development and implementation of state policy in respect of small and medium business support, reduction of excessive administrative barriers, etc.