SDM-Bank Krasnoyarsk Branch partners with Krasnoyarsk SME Promotion Center
August 2014 Krasnoyarsk municipal institution «SME Promotion Center» signed an agreement with SDM-Bank Branch in Krasnoyarsk.
The point of this partnership is to provide business with a better access to credit resources, and to encourage banks to offer concessional products to SMEs. Under this agreement, the Center will provide guarantees for loan agreements between SDM-Bank and SMEs in Krasnoyarks, and therefore split the credit risks.
The SME Center guarantee will cover up to 50% of a loan amount with the term of up to 3 years, which will make SDM-Bank credit resources better available to small and medium enterprises that do not have enough collateral.
«One of SDM-Bank core strategies is to provide most favorable credit conditions to small and medium companies. The Bank is extensively working on expansion of access to our credit resources, and partnership with Krasnoyarsk SME Promotion Center is an important step in this process» – says Oksana Ustyuzhanina, Head of SDM-Bank Branch in Krasnoyarsk.