Metcombank, MSP Bank Are Now Partners

UrBC, Yekaterinburg, August 1, 2017. Metcombank and MSP Bank signed a cooperation agreement to provide bank guarantees within the framework of the National Guarantee System, the bank’s press service reports.

The main goal is to facilitate the small and medium enterprises’ development and make getting loans easier and more affordable for SMEs.

Under the terms of the agreement, MSP Bank is acting as the borrowing SMEs’ loan guarantor for Metcombank and shares the respective risks. Thanks to this guarantees, businesses can borrow more even when they cannot provide large enough security for their loan.

MSP Bank can guarantee 25m RUR to 100m RUR (up to 50% of the estimated credit risk and up to 70% of the estimated credit risk if the borrowers fulfill a government contract in accordance with Federal Acts 223 FZ or 44 FZ) The commission comes to 0.75% a year and can be paid at once, once a year, once a quarter, or twice a year.

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