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CBR-Loans and loan guarantee facilities to become more accessible to SMEs.

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ENPNewswire-August 27, 2021--CBR-Loans and loan guarantee facilities to become more accessible to SMEs

(C)2021 ENPublishing - http://www.enpublishing.co.uk

Release date- 26082021 - The joint effort by the Bank of Russia and RSMB Corporation to craft changes to SME regulation is nearing completion.

Under the proposed amendments, loans to small and medium-sized businesses secured by RSMB Corporation will be included in the calculation of required ratios with a lower risk ratio of 20% instead of 100%, the standard ratio. This will reduce pressure on banks' capital, making them more willing to accept the Corporation's guarantees and thereby enabling banks to expand lending to small and medium-sized enterprises (SMEs).

This and other initiatives to increase the availability of financing to small and medium-sized businesses were discussed at a meeting of the SME financing working group. The meeting, held on 25 August, involved the participation of business representatives and development...

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