Moscow, October 1, 2020 — Gazprombank and the Moscow Small Business Credit Assistance Fund signed a cooperation agreement aimed at extending the finance system and creating conditions of uniform access to financial resources for the capital’s small and medium-sized business entities (SME).
Now, the Bank’s clients can use the Fund’s guarantee as a kind of collateral for a loan or as a bank guarantee in case they lack their own collateral or if it is insufficient. It will allow entrepreneurs to increase the sum of raised borrowed funds. The Bank itself assumes organizational and procedural interaction with the Fund.
“We have taken an important step towards supporting the SME segment. Conclusion of the agreement will allow for the more efficient financing of businesses in one of the country’s key regions,” said Vyacheslav Koloskov, Head of the Small and Medium Business Relations Center at Gazprombank.
“We always welcome extending our list of partners: it means that entrepreneurs are greeted by more competitive terms when choosing a bank. Gazprombank has shown its experience in crediting small-sized business, successfully passed competitive selection and defined the limits of the funds it is willing to apply towards the crediting of Moscow-based entrepreneurs with the guarantee backing of the Fund. We are counting on successful cooperation for the benefit of the capital’s small-sized business community,” commented Anton Kuprinov, the Fund’s Executive Director.