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SDM-Bank Acquires Financing to Support SME Factoring Operations


SDM-Bank scales up its partnership with SME Bank. In the fall of 2015 SDM-Bank signed the contract with SME Bank for RUB 500 mln. credit line to finance SME factoring operations.

Under the «Bank as the Development Factor» program SDM-Bank provides financing to small- and medium-sized companies operating on a 180-day payment deferral basis.

SDM-Bank has been partnering with SME financing program since 2009.

SME Bank is implementing state SME financing program since 2004. One of the key objectives of the program is to facilitate SME development throughout the entire country. The financing is provided through partner banks, factoring companies, and micro-financing organizations.