New resources for small business
Developing actively its small and medium-sized business lending program, Bank Saint Petersburg drew down the limit for issue of the guarantees given by the SMB Lending Assistance Fund. The Fund issues the guarantees to the SMB companies as security of the loan facilities taken from the commercial bank partners. The maximum guarantee can reach 70% of the loan amount.
The Fund’s Board of Trustees resolved at its meeting on 29th September to increase the limit of guarantees for Bank Saint Petersburg more than twice to 150 million rubles.