Program 6.5 geared to promote small, mid-sized business development in Russia

To promote small and mid-sized business development, the Program 6.5 has come into play in Russia. The gist of it is that the central bank of Russia gives loans at a rate of 6.5% interest to the banks, which intend to invest in projects of small and mid-sized enterprises, extending them loans at the annual rate of 10-11% interest.

One of the leading banks that participates in the Program 6.5 has concluded credit agreements with 120 companies operating in the real sector of the economy in 45 Russian regions. The amount of loans extended to them totals more than 22 billion rubles.