Bank of Moscow launches small busi­ness loans pro­gramme

The Pak Banker - - Front Page -

MOSCOW

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.

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