SME Business demonstrated stable growth of key figures in 1H2014. Active clients grew by 9%, increasing 8,600 clients since January 2014. Total SME loans exceeded RUB 33 billion. LOCKO-Bank provided 819 loans for SME business representatives in 1H2014, where 211 loans were under SME Bank “SME Lending Support Program”.
LOCKO-Bank offered some new products and services in 2014. There was a preferential cash management services program for clients - “Financial Subscription”. The other program was for entrepreneurs operating in the public procurement market – “Microguarantees for Business”. Moreover, LOCKO-Bank successfully completed the integration of remote banking systems with the online service "My Business" - Internet accounting for individual entrepreneurs and organizations.
The main competitive advantages of LOCKO-Bank’s SME business products are individual approach to customers, speed of decision-making on credit transactions and possibility to provide structured products for businessmen meeting business specificity and client needs.