OREANDA-NEWS. February 21, 2014. One of the key objectives of the SME Bank’s Development Strategy till 2016 is increasing financing to non-trade SMEs.

In this context the Bank intends to strengthen its positions in factoring market increasing the non-trade share from 6.5% to 10%.

Total amount of factoring resources provided by SME Bank to small and midsized enterprises is about RUB 2 billion. Since the launch of factoring support program in 2009 SME Bank has concluded 1120 agreements. Moscow and the Moscow Region, St. Petersburg, the Sverdlovskand Novosibirsk Regions dominate the regional structure.