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09.04.2008 /Personal loans
 MBRD Updates Its SME Lending Programs
MBRD has started to provide the new loan program for small and medium businesses throughout 16 Russian regions of the Bank’s presence.
This program is more attractive for customers due to simplified origination procedure, availability of all loan types (lending facilities and overdrafts) and individual repayment schedules according to needs of each client.
The program includes the following loan products: - Micro-loans: amount - up to 500,000 RUB, tenor – 2 years
- Small loans: amount - from 500,000 RUB to 3,000,000 RUB, tenor - 3 years;
- Small loans “+”: amount – from >3,000,000 to 10,000,000 RUB, tenor - 3 years.
Loan currency: RUB, USD, Euro.
The program has two main target directions: - lending programs for leasing of trucks and C, D, E category vehicles. The Bank’s subsidiary Leasing Maximum Company is MBRD’s leasing partner;
- loans to small and medium enterprises in manufacturing, trade and service sectors. Lending for business development.
“We have successfully tested this improved lending program and introduce it in all our branches taking into account the specific of local markets. It will let MBRD enter the new market segment and will also contribute to regional economic growth,” explained Dmitry Ishchenko, First Deputy Chairman of the Management Board.
Additional information:
According to the RA Expert research loan market is the most actively growing. Corporate loan portfolio increased by 49%, retail portfolio grew by 57% while SME portfolio went up by 62%, and amounted to 54 bln USD. Experts believe that SME portfolio may increase more than 5 times and reach 280 bln USD by 2010 upon condition of active state support and development of refinance systems.
* Research “SME Lending in Russia: Time to Choose” (www.raexpert.ru from 27.03.08).
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