Bank of Russia to increase limit for SME lending support mechanism (18.12.2023)

From 9 January 2024, the Bank of Russia increases the aggregate limit set for the mechanism to support lending to small and medium-sized enterprises (SMEs) from ?288.3 billion to ?320 billion. Of this amount, ?256 billion are intended for systemically important credit institutions.

The increased limit will allow banks participating in the mechanism to grant in 2024 investment loans of up to ?100 billion as part of the programme combining two types of support — subsidising under the 1764 Programme implemented by the Russian Ministry of Economic Development and preferential funding under the Lending Incentive Programme of the Bank of Russia and JSC RSMB Corporation.