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SME Bank gets bank guarantee from International investment bank

August 14, 2015 | IA AK&M

SME Bank has for the first time obtained a bank guarantee in the amount of RUB 313.7 million from International investment bank. The funds will be provided to NBD-Bank, JSC (Nizhny Novgorod) for SME assistance purposes. Financing will be provided to businesses in Nizhny Novgorod region under the FIM Target product for a 5-year period at the interest rate of up to 13.25%.

JSC Russian Bank for Small and Medium Enterprises Support (JSC SME Bank, previously Rossiyskiy Bank Razvitiya, tax number: 7703213534) was founded in 1999. The main objective of its activity is financing projects of priority value for the national economy. 100% of the bank shares belong to state-owned corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank).

As of July 1, 2015, the authorized capital of SME Bank was RUB 19.24 billion, working assets totaled RUB 137.98 billion.

RAS net profit of JSC SME Bank for H1 2015 dropped by 24% to RUB 52 million from RUB 68 million the year before. Pre-tax profit increased to RUB 161 million from RUB 37 million.

Company: SME Bank

Full company nameOJSC “Russian Bank for Small and Medium Enterprises Support”
Country of riskRussia
Country of registrationRussia
IndustryBanks

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