The Bank of Kazan and The SME Bank to finance innoprojects

The Bank of Kazan and The SME Bank to finance innoprojects The Bank of Kazan and the SME Bank, OJSC resume lending of small businesses within the Funding for Innovation and Modernization State Program. The main objective of the project is to provide financial support to manufacturing sector enterprises as well as the enterprises in high technologies and innovations.

According to the report of the Bank of Kazan, the republic has a high level of innovative activity of small businesses. The priority of the city's economy is to increase the share of small and medium enterprises engaged in production, high technologies and innovations.

Our reliable partner in the implementation of the Program for the financial support of small business is the SME Bank, OJSC, - Damir Talipov, the Chairman of the Bank of Kazan executive board said - due to target resources of which the Bank of Kazan quite successfully offers universal credit decisions. The purpose of the joint Program is to promote the dynamic development of small companies working in the real economy and creating added value.

Taking into account the needs of entrepreneurs, the conditions of the Program improve every year. Small companies (the number of employees is up to 100, the proceeds up to 1 B RUR) to get all the Bank of Kazan key credit products provided by the SME Bank, OJSC in 2012. Credit support is provided on favorable terms by 12.5% for 5 years and deferred repayment of principal up to a year.

The project goals are the expansion of production, acquisition and modernization of plant and equipment, refurbishment, new technologies, innovation, land purchasing for expansion of existing or starting a new production, acquisition of intangible assets, as well as new equipment.

The Bank of Kazan, being a participant of The SME Bank affiliate network since 2007, has provided hundreds of millions of rubles loans to many companies, has funded projects aimed at equipment modernizing, innovation and high technology implementation in production.