The Moscow FINSERVICE bank is developing a new trend in its business. It is providing credits to small and mid-sized businesses. In October 2007, FINSERVICE is launching two new products — Unsecured Credit and Mini-Credit. The Unsecured Credit calls for providing up to R600,000 to enterprises for 12 months; no collateral is required. The Micro-Credit envisages credits of up to R1.5 million for 36 months.
Source: BANKI.RU, October 1, 2007
