Bank of Moscow launches small business loans programme
The Bank of Moscow has launched a new programme for small business loans. It has been developed for enterprises with annual revenues of up to RUB 300 million.
The Bank of Moscow is striving to occupy leading positions on the small business loans market. By the end of this year, the bank plans to double its credit portfolio and, in 2014, to become one of the Top Five banks working with small enterprises. In order to achieve this goal, the Bank has set up a Small Business Department and subdivisions for working with small enterprises within the scope of the regional network. Within he framework of the new small busienss startegy, the Bank offers seven types of loan, including collateral-free ones, both on the basis of business scoring and on that of full-scale analysis of financial activities.
In developing the new programme, the Bank endeavoured to take all businessmen's requirements into account. The main advantages of our product line consist in fully or partially unsecured loans, speed and flexibility of decision-making, one of the broadest regional networks, different loan purposes and forms, and individual loan repayment schedules, as well as an opportunity to receive long-term resources for up to five years, said Ekaterina Orlova, Director of the Small Business Department of the Bank of Moscow.