OREANDA-NEWS. September 25, 2014. SME Bank (Vnesheconombank Group) and Tatfondbank (Kazan) have concluded an SME support agreement for RUB 200 million. 

The funds will be allocated for enterprises in the Republics of Tatarstan, Bashkortostan and Chuvashia as well as in the Novosibirsk, Samara, Sverdlovsk, Saratov and Nizhny Novgorod Oblasts, Moscow and St. Petersburg.

The support will be provided for 5 years at an interest rate of below 13.25% p.a. The resources are allocated under FIM-Targeted credit product for innovative and modernization-related projects.
SME Bank and Tatfondbank have cooperated under the Program since 2004. Over the decade the parties have concluded 39 loan agreements for over RUB 5 billion. The support has been provided for over 800 enterprises. The weighted average interest rate was 12. 24% p.a.