Pic 5 Scheme of operating of NDCO

Date: 2015-10-07; view: 494.

Experts note that it is necessary to create a well-planned infrastructure of the Agency. This should include special Institutions which would evaluate the project and the structures that will keep track of the entire process of issuance of credit and guarantees.

For a more efficient allocation of funds it is proposed to give them only on a specific project for the modernization of the business or for the diversification. It is also proposed to involve directly the head of the company for the signing of the guarantee because it will increase the personal responsibility of the owner.

Besides experts point out that the establishment of this fund will bring us closer to the experience of developed countries, which have long been successfully using this mechanism, and allow us to climb in the ranking of "Doing Business".

Recently ROSBANK became a member of the program of lending to SMEs at preferential rates. ROSBANK and loan guarantees Agency (NDCO) signed an agreement aimed at improving the conditions of lending to small and medium-sized enterprises (SMEs). ROSBANK is included in the list of authorized banks, which will implement a program to encourage lending to SMEs.

"Participation in the program adopted by the loan guarantees Agency (NDCO) and the Bank of Russia will enable ROSBANK to contribute to the development and support of small and medium-sized businesses. We are able to offer entrepreneurs significantly improved credit conditions, in particular the preferential rate no higher than 11% per year ", - said Andrei Pasternak, senior vice president of ROSBANK[34].

Another form of regulation in Russia is implementation of Basel III. Mostly it concerns banks operations and stability and doesn't directly refer to SME's. This topic was fully developed in one of the previous paragraphs.

To conclude ,hopefully we will see in the future positive results of implemented regulations and support despite the predictions of experts.