foir print

05.06.2014

800 million rubles for small business in southern Russia

The European Bank for Reconstruction and Development (EBRD) has provided Center-invest Bank with a credit line to finance micro, small and medium-sized enterprises in southern Russia.

On 4 June 2014 the EBRD provided Center-invest Bank with a RUB800m credit line to finance micro, small and medium-sized enterprises in southern Russia.

Center-invest Bank and the EBRD have worked together since 2002 under long-term partnership programmes to support and develop SMEs in Russia.

Center-invest Bank ranks in the top 15 Russian banks by volume of SME lending, and it is the leader for energy efficiency investments in southern Russia. Supporting and developing entrepreneurship in southern Russia is one of Center-invest Bank’s priorities under its new Strategy for 2014-2017 “The Global Competitiveness of Center-invest Bank’s Customers”.

In the Rostov region, Center-invest Bank accounts for more than 40% of all long-term loans made to SMEs for investment purposes. The bank participates successfully in programmes run by the Loan Guarantee Funds of the Rostov and Volgograd regions, Krasnodar Krai and Stavropol Krai.