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Bank of Moscow is actively taking part in small and medium enterprising special-purpose development and support program in Moscow city

02.06.2011.

Moscow - Bank of Moscow continues actively taking part in supporting SME within the city special-purpose SME development and support program for 2011, approved by the Government of Moscow (Resolution of the Government of Moscow № 167 ПП from 29.04.2011.).

The program provides subsidies for the costs fee associated with the value of guarantee compensations for Small Business Lending Assistance Fund. 

The substance of the subsidies is that SME entity, which had been given a credit from Bank of Moscow under guarantee of Small Business Lending Assistance Fund, covers a part of his loses which are related with the guarantee given by the Fund in amount under 90% of incurred costs (paid to Fee fund for the given guarantee). 

Bank of Moscow is developing partnership with the Small Business Lending Assistance Fund in Moscow since 2006. Since then Bank of Moscow has become a leader on the number of credit contracts, partial collateral which provides Fund.

Over the entire period of partnership — since 2006 till present — Bank of Moscow has provided to SME entities about 900 credits, which amount more then 3.3 billion RUR.

Source: www.bm.ru

 

 

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