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Sberbank issued loans for 100 million rubles per day under a preferential program

Sberbank issued loans for 100 million rubles per day under a preferential program
Photo: picjumbo.com/author/viktorhanacek/
More than 100 million rubles at a reduced lending rate were provided by Sberbank to small and medium-sized businesses in just a day.

Sberbank signed six agreements with a total of over RUB 100 million with small and medium-sized businesses in just 24 hours after the Government of the Russian Federation decided to tie the preferential rate on loans to small and medium-sized enterprises (SMEs) to the key rate of the Bank of Russia. It will be determined according to the formula "key rate plus 2,75 pp". For 2021, the marginal rate for SMEs has been reduced from 8,5% to 7%.

Deputy Chairman of the Board of Sberbank Anatoly Popov noted that such a step would make the concessional lending program more accessible to entrepreneurs. Now it will become easier for them not only to keep their business, but to develop it. At the same time, all Sberbank clients who applied for lending at the previous rate of 8,5% will receive financing under the new conditions.

 Earlier, the program of concessional lending to SMEs was already adapted to the needs of borrowers, taking into account their interests. In 2020, under this program, businesses received more than 900 billion rubles of loans.
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