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Annual Report

Basic financial results of the past year
see the report
MainGovernment SME Lending Support Programprint

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.

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