OREANDA-NEWS. September 19, 2014. SME Bank (Vnesheconombank Group) and International Financial Club (IFC Bank, Moscow) have concluded new cooperation agreements for a total amount of RUB 320 million.

The resources are allocated under FIM – Targeted and SME – Non-trade Sector credit products for 5 years. SMEs will receive financing at an interest rate of below 12.25% and 13.25% p.a. respectively.

The funds will be used for modernization-related, energy efficient and innovative business projects, for non-trade small and medium enterprises operating in manufacturing and services.