Association "Russia" Thanks LOCKO-Bank for Government Initiatives Support in SME Business

LOCKO-Bank got a gratitude letter from the Expert Council for Small and Medium Enterprises of the Association "Russia". As a member of the Council, the Bank actively supports the initiative of the community to implement the state policy in SME business.

LOCKO-Bank is one of the leaders among the largest Russian banks in terms of individual entrepreneurs and private organizations lending, and it is in the TOP-10 Russian banks by volume of SME loans (according to Expert RA ranking in 2013). SME loan portfolio exceeded RUB 34 billion as of 1 October 2014, demonstrating more than RUB 1.4 billion growth in nine months.

The Association "Russia" is the first banking union at the federal level, which purpose is to build the relationship between the banking business and government, to protect the interests of banks, as well as the formation of the legislative and regulatory framework for credit institutions of the country. Nowadays, the Association "Russia" members are more than 450 organizations, including large Russian banks, banks with foreign capital, as well as small and medium-sized regional credit institutions.