OREANDA-NEWS. June 03, 2014. SME Bank (Vnesheconombank Group) expands the list of partners providing support to SMEs via factoring.

The Bank has concluded a RUB 300 million loan agreement with a new partner – ROST Factoring Company (Moscow) – for lending to SMEs under assignment of receivables. The resources are allocated under Non-trade Factoring – Company credit product for 2 years.

The support will be provided to non-trade enterprises producing food,consumer products as well as involved in construction, agriculture and services. The borrowing cost for such enterprises will not exceed 17% p.a.