JSC “MSP Bank” provides the guarantee for subjects of medium business obligations

Dear businessmen! We inform you that JSC “MSP Bank” was assigned as the operator of the guarantee mechanism realized according to the resolution of the Russian Federation Government from December 28, 2012 No. 1451. The resolution is: "About the approval of Rules of the Russian Federation state guarantee granting according to the "Bank for Development and Foreign Economic Affairs (Vneshekonombank)" state corporation bank guarantee, which has been given out to provide the fulfillment of affiliate obligations of the " Bank for Development and Foreign Economic Affairs (Vneshekonombank)" state corporation, according to the bank guarantees made to provide the fulfillment of Russian organizations obligations, which are the subjects of medium business, on the credits attracted on investment projects implementation".

Main objective of guarantee mechanism realization is to increase the financial resources availability for medium business (crew size 100-250 people, earnings from 400 million to 1 billion rubles). Banks which extend investment projects credits for medium business subjects corresponding to the Ministry of Economics order requirements No. 143, from March 21st, 2013, will be provided by guarantees. Thus not less than 70% from an overall project cost must be directed on capital investments implementation.

Guarantees provide about 50% from the total credit granted by bank to the average business subject, but it can not be more than 1 billion rubles.

Guarantee period is 2-10 years.

The fees for guarantee delivery are 1,5% - 1,8% per annum.

Additional information about small and medium business support actions of JSC “MSP Bank” can be found on the following url http://www.mspbank.ru, and also by phone: 8 (495) 783-79-98.