MainGovernment SME Lending Support Program		print

Government SME Lending Support Program

The program’s implementation as of 19.06.09

The overall results of the SME Lending Support Program’s implementation are:

Number of counter-party banks with which RBD has concluded agreements:

• Since the beginning of the Program’s implementation - 110 banks
• As at 01.06.2009 - 70 banks

Lending parameters:

• 6 839 loans to SMEs totaling RUR 25 472 million have been extended since the beginning of the Program’s implementation.
• As at 01.05.2009 the total funding amounted to RUR 11 377 million, including:

o SME funding (two-tier procedure) - RUR 9 238 million,
o amount of refunded loans - RUR 196 million,
o lending to SME infrastructure support entities - RUR 1 900 million,
o lending to leasing companies for SME support purposes - RUR 43 million.

Indicators of economic efficiency in 2008 are as follows:

• SMEs revenues - RUR 27 073 million;
• Number of jobs in SMEs  - 19 874;
• Tax revenues - RUR 573 million.

An average interest rate on loans to SMEs is 17,62% p.a.

With the view to provide integrated approach to SME funding both by regional authorities and private financial institutions the Bank interacts with political subdivisions of the Russian Federation as for:

• Selection of regional banks,
• Subsidization of interest rates by the regional SME support funds and providing guarantees for the SMEs liabilities,
• Reduction of margins of the counter-party banks when lending to SMEs,
• Providing sovereign guarantees for liabilities of the regional banks.

As at 01.06.2009 .cooperation agreements have been concluded with 53 political subdivisions of the Russian Federation.

back	top