Global Banking & Finance Review named Bank Vozrozhdenie the Best SME Bank in Russia

27 February 2014

The international financial internet portal Global Banking & Finance Review awarded Bank Vozrozhdenie with the title “Best SME Bank, Russia” for 2013.

Since 2011 Global Banking & Finance Review Awards prize is annually conferred to the best financial institutions across the globe via independent voting and is well established among the world’s business community.

Historically, small and medium companies have been the key client segment of Bank Vozrozhdenie. All the bank’s products and services are first of all targeted at this audience. Over 50% of the credit exposure traditionally falls to loans to SMEs, that enables the bank to remain one of the Russia’s leaders in terms of lending to small and medium businesses for many years.

As part of its business strategy V.Bank widely participates in the ongoing government programmes supporting SMEs as well as in development of new state support instruments offering advanced opportunities of business expansion to its clients — small and mid-sized enterprises.

Throughout 2013, Bank Vozrozhdenie kept financing small and medium businesses actively, including under the long-term government Programme of financial support of SMEs, also realized via SME Bank. Thanks to participation in the Programme, a number of the Bank’s borrowers got their long-term investment projects funded on moderate conditions. Last year the Bank developed collaboration with regional guarantee funds, took part in establishment and realisation of the Federal guarantee mechanism created by the Russian Ministry of Economic Development and Trade together with Vnesheconombank, offering optimal lending conditions to SME subjects lacking their own liquid collateral.

“Bank Vozrozhdenie widely participates in developing small and medium entrepreneurship. One of our key goals is providing the most comfortable lending conditions for expansion of our clients’ businesses regardless of their size and specifics. We keep our clientele informed on opportunities of the state SME support programmes, hold thematic seminars and forums for entrepreneurs. We highly appreciate the award conferred and consider it totally proves the efficiency of the business-model of cooperation with SMEs adopted here in the Bank more than 20 years ago,” commented Mrs Lyudmila Goncharova, Deputy Chairwoman of the Management Board.

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Global Banking & Finance Review is an independent financial internet portal providing professional coverage of the world’s most important events in Banking, Project Finance, Brokerage, Investment, Overseas Investment, CSR Activities, etc. The awards are known throughout the global banking and financial community as they reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the financial sector. Candidates are chosen via on-line nomination to be considered by the research team of the portal. Then the judging panel, comprising among others the Chief Editor and the Publisher, select a winner.

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