OREANDA-NEWS. August 21, 2012. SME Bank has launched a new credit product SME - Idea, designated for small and medium-sized enterprises implementing innovative projects. Borrowing cost for the end-users is limited by an interest rate of 12.5% p.a. , reported the press-centre of SME Bank.   

“The new product’s particularity is that resources are dedicated solely for large innovative projects”, said Olesya Teploukhova, Deputy Chairman of the Board of SME Bank.

The primary purpose of SME - Idea is financing of patents, licenses, “know-how” and other intellectual property, including new technologies as well as equipment for manufacturing of innovative products.