UBRD Issues 81% More Loans to SMEs

19 June 2018 (09:19)

UrBC, Yekaterinburg, June 19, 2018. The number of loans issued by the Ural Bank for Reconstruction & Development (UBRD) to small and medium enterprises rose by 81% in the first quarter of 2018 compared with last year, the bank’s press service reports.

‘According to RAEX’s recent research findings, the overall amount of loans issued to SMEs throughout Russia went up by 15% in 2017. The UBRD kept up with the trend: as our loan product range expanded and the financial terms grew more lenient, our customers applied for borrowed funds increasingly more often. Besides, we are also willing to increase the potential loan amounts, to extend the repayment periods, and to be more generous in our assessment of the assets offered as security,’ the press service explains.

46% of all loans are currently the ones backed up by any sort of liquid assets and 18% are leasing schemes. Also, about 50% of all loans happen to be express overdraft ones.

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