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New office opened in Volgograd

15.07.08

On July 15, 2008, Credit-Moscow Bank opened a credit and cash office in Volgograd within the framework of developing its small and medium business lending program.

The opening ceremony was attended by representatives of the Volgograd Regional Administration, the Volgograd Chamber of Commerce and Industry, Support of Russia, the Russian Union of Industrialists and Entrepreneurs, and small and medium businesses. 

The decision to open a credit and cash office in the Volgograd Region to develop Credit-Moscow Bank’s regional program was made based on a favorable assessment of the Municipal and Regional Administrations’ strategy of supporting and developing small- and medium-scale entrepreneurship, and on the high growth rates of Volgograd businesses.

A Program for Entrepreneurial Development in Volgograd for 2006-2010 has been worked out and adopted to realize the small and medium business development targets for the city. The program is designed to eliminate administrative barriers which impede the efficient development and performance of entrepreneurship; to provide entrepreneurs with wider access to financial resources via financial, property, administrative and legal support, and introducing alternative financial technologies to entrepreneurs.

The new credit and cash office of Credit-Moscow Bank, which opened mainly to extend business development loans to corporations and individual entrepreneurs, enables its clients to satisfy their financial needs in a prompt manner.  

The Small and Medium Business Lending Program will offer to entrepreneurs:

  • Unsecured loans up to RUR 800,000;
  • Partially secured loans up to RUR 1,500,000;
  • Loans up to RUR 5,000,000 secured by any liquid assets, including personal property and property belonging to third parties.  

The Entrepreneurs Lending Program of Credit-Moscow Bank for the Volgograd Region is characterized by such strong points as a simplified loan application review procedure and favorable lending terms. A decision is made within one to three days based on a minimal set of documents.

The credit and cash office in Volgograd is headed by Elena Potapova.

 



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