Novikombank allocated 850 million rubles to partners of the largest Russian automobile plants

JSC JSCB NOVIKOMBANK signed four loan agreements in the amount of 850 million rubles. with partner enterprises of the largest domestic automakers. Thus, the supporting bank of the Rostec state corporation is implementing a strategy to support the chain of cooperation between industrial enterprises in general and the automotive industry in particular, and is also increasing its portfolio of clients in the small and medium-sized business (SME) segment.

Cooperation with SMEs is one of the dynamically developing areas of Novikombank's activities. The financial organization offers entrepreneurs access to government support instruments, and also offers its preferential financing programs. In 2023, Novikombank's SME loan portfolio increased by 29%, and the guarantee portfolio by 12%. The increase in the volume of SME funds in accounts with Novikombank was 21%.

In order to inform about existing opportunities for financing SMEs, Novikombank experts regularly meet with business representatives. So, in 2024, the bank held events for them, where it spoke about government support measures, preferential programs for SMEs and digital financial assets, in Kazan and Tolyatti. In the latter, most of the participants were companies producing auto components.