30.06.2008

Refund of Interest Costs to Small Business

Bank Saint Petersburg and the Committee for Economic Development, Industrial Policy and Trade of the Saint Petersburg Government entered into cooperation agreement under the Program “Small Business Lending by Commercial Banks”.

This program is a part of the Saint Petersburg Government’s Small Business Support Plan. The small and medium businesses participating in the Program are allowed to get back up to 90% of their bank credit expenses: facility fee, guarantee fee of the non-commercial organization* “Small Business Lending Assistance Fund”, loan interest costs.

* – Bank Saint Petersburg has taken part in the Fund’s Small and Medium Business Guarantee Program since the end of the last year.