Bank of Russia amends loan pricing for SME lending support facilities

Starting from 26 July 2021, the interest rate set by the Bank of Russia for loans within its Small and Medium-sized Enterprises (SME) lending support facilities, will be the Bank of Russia key rate reduced by 1.50 percentage points.

Since 23 March 2020, this rate has been fixed at 4.00% per annum.

The amended pricing will not affect the current level of concessionality of these facilities (the actual spread between the interest rate under the said facilities and the key rate currently in effect is 1.50 percentage points). The Bank of Russia may revise the pricing procedure, as well as other parameters of these facilities, in future based on the existing and forecast monetary conditions in the economy.

Interest rates for the loans already issued by the Bank of Russia within its SME lending support facilities will not be affected.

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23.07.2021 17.45.00