Head of Loсko-Bank Rostov-on-Don branch held a meeting with the Minister of Economic Development of the region

July 1, 2015 in Rostov-on-Don was hosted a working meeting of Minister of Economic Development of Rostov region Alexander Levchenko and Head of Loсko-Bank "Rostov-on-Don" branch Vladimir Ponomarev.

During the meeting were discussed the issues and challenges of regional development, foreign relations and tax issues in the region and the problems of SME business development. In particular, there was talk of the construction of such facilities as the southern hub, helicopter cluster that will provide the region of 12 thousand new workplaces, and machine-tool plant for the defense complex. As one of the industry leaders for bank guarantees, Locko-Bank is ready for active cooperation with local enterprises to provide contracting companies with bank guarantees to perform its obligations. In addition, in the near future Locko-Bank will join the Board of the credit and financial activities in the field of entrepreneurship development with the support of the Government of the Rostov Region. Also during the meeting the parties discussed region trade relations in export of the region’s key producers and increasing the share of exported goods.

SME business is a key focus for Locko-Bank, in terms of which is planned to increase investments in the real sector of the economy and business development of bank guarantees. In this regard, during the meeting also was discussed the possibility of the Bank's participation as a partner of the regional administration to support small business enterprises.

Vladimir Ponomarev, Head of Locko-Bank Rostov-on-Don branch:

"The meeting held had a significant impact on development of Locko-Bank partnership with the regional administration. Considered items on the agenda were the most urgent issues of region economic development, among which the main focus was on creating an enabling environment for the growth and development of SME business. Following the meeting, Mr. Levchenko highly praised development prospects with Locko-Bank under the SME loans refinancing program. In turn, Locko-Bank is prepared for active cooperation with the representatives of SME enterprises in order to achieve the objectives of the meeting and the region's economic growth. "