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Omsk Regional Microfinance Fund and Novikombank to support industrial enterprises of the region
The Omsk Regional Microfinance Fund for Small and Medium-Sized Businesses and Novikombank, the main bank of the Rostec State Corporation, have signed a cooperation agreement within the framework of the implementation of the Industrial Development Fund's programs in the Omsk Region.
The parties' cooperation is aimed at supporting regional industrial enterprises to create new production facilities, modernize, develop scientific, technical, innovative activities, production potential of the enterprise, increase labor productivity, introduce new technologies and products through the provision of loans under joint programs with the Industrial Development Fund in the amount of 20 million rubles on preferential terms (from 1% to 5% per annum) for a period of up to 60 months.
The document was signed by Vitaly Golyshenko, Manager of Novikombank's Operational Office in Omsk, and Igor Klyuyev, Manager of the Omsk Regional Microfinance Fund for Small and Medium-sized Businesses.
The signed agreement is aimed at supporting investment projects of Omsk Region enterprises and implies information and consulting assistance to entrepreneurs, full project support until repayment, and the provision of a bank guarantee to secure loans from the Fund for industrial enterprises.
Loans received from the Microfinance Fund as part of the Regional Industrial Development Fund's support programs will allow Omsk Region enterprises to expand and modernize production, introduce modern innovative technologies, and launch new products, including through import substitution, which is especially important for Novikombank, as the backbone bank of Russian industry, and for the Microfinance Fund..
For reference:
Omsk Regional Microfinance Fund for Small and Medium–sized Businesses was established by the Government of the Omsk Region to provide preferential loan financing to small and medium-sized businesses in the Omsk region.
The priority area of activity is microfinance and other debt financing of small and medium–sized businesses, as well as financing of industrial entities.
