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Operations Office opened in Ryazan for small and medium business loans

25.12.07

On December 25, 2007, Credit Moscow Bank opened an operations office in Ryazan, as part of the small and medium business loan programme in the region.

The Ryazan Region was chosen for the Bank’s programme because of the robust economic growth of Ryazan business, and the positive assessment of the small and medium business support strategy carried out by the city and regional administration in the Ryazan Region.

The development of small- and medium-sized businesses in Ryazan is facilitated by the “2007-2010 Integrated Support for Small Business” programme which includes the development of a consolidated small businesses database and training seminars for businessmen.

The new operations office of Credit Moscow Bank will enable its clients to satisfy their needs for financial resources, as it will mainly specialize in loans to companies and individual entrepreneurs to replenish their working capital and develop their businesses.

As part of the Small and Medium Business Loan Programme, small- and medium-sized companies will have access to unsecured loans of up to RUR 600,000, and to loans of up to RUR 5,000,000 secured by any liquid personal or third-party assets. Credit Moscow Bank also offers favourable terms for forwarding companies, with loans from RUR 300,000 to RUR 1,500,000, which can be secured by vehicles.

The advantages of the Bank’s programme include a simplified application procedure and favourable loan terms. Decisions are made within 3 working days, based on the minimum document package which must be submitted.

Yulia Alexandrovna Maryushkina has been appointed Head of the Ryazan Operations Office.



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Small Business Loans

Moscow: tel.: (495) 72-707-72; fax: 237-52-98; Address: 8, 6th Monetchikovsky Lane.
Saint Petersburg: tel.: (812) 635-75-75, fax: 310-13-69; Address: 54, Sadovaya Street.

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