GenBank launched a new credit for small and medium-sized businesses

New loan products have been called "gene-MICRO", "EDU-BUSINESS" and "gene-INVEST. Programs designed to meet the needs of small and medium businesses, and determine the maximum loan amount of $ 2.75 million rubles, 15 million rubles and 60 million rubles, respectively. The main advantage of the new loan programs are: the rapid processing of the application - up to 2-5 days, easy-term loans - from 6 to 36 months, delaying the repayment of principal - up to 12 months, as well as the absence of charges for early repayment of the loan and additional monthly fees. In addition, there is no mandatory requirement on insurance collateral. Another important factor is the ability to obtain credit with a term of actual business activity - from 9 months, as well as the Bank's decision on lending companies on the basis of both financial and management reporting. "Currently, we define the development of lending to small and medium-sized businesses as one of the pillars of its activities - says the launch of new programs GenBank Chairman Volodymyr Fesenko. - We provide a balanced and flexible lending policies, offering our customers various forms of credit-specific and individual needs of the Client's business. " New credit products will be offered in all offices GenBank, located in Moscow and the region, and in the future - in other regions where the Bank. Help on GenBank: CB GenBank (LLC) was founded in 1993 and holds a General license № 2490 CBR. Currently, GenBank provides a wide range of banking services, including lending to small and medium business, mortgage lending, cash management services, collection, deposits, transactions with precious metals, documentary transactions, issuing and servicing credit cards. GenBank is a member of the Association of Russian Banks (ARB), the Association of Regional Banks of Russia (Association "Russia"), a member of the Russian National Association of SWIFT, an associate member of the international payment system VISA International, a member of the Currency Market Section of the Moscow Interbank Currency Exchange (MICEX). Certificate of inclusion in the register of banks participating in the deposit insurance system on March 3, 2005 № 736. As of October 1, 2009 net assets amounted to 1731.4 million rubles. And shareholders' equity amounted to 555.9 million rubles. Auditor of the Bank is "Alt-Audit. The rating agency AK & M assigned CB GenBank (LLC) credit rating on a national scale "B +". The rating outlook - stable. Rating of "B +" means that the CB "GenBank" refers to a class of borrowers with a satisfactory level of reliability. Chairman of the Board - Vladimir A. Fesenko.