Following the successful development of the Blockchain platform for the Russian tax service, which aimed to create a “convenient and transparent mechanism for businesses, banks and the state”, Russia began to implement and cooperate with the first banks. Among the first are the banks VTB, Sberbank and as TLT.RU informs these days, Ak Bars Bank has also joined.
The service to which Ak Bars Bank has joined concerns an interest-free lending scheme for small and medium-sized enterprises operating in coronavirus-affected sectors. According to a press release, the bank stated “that soft loans will be issued to replenish working capital for up to one year at a rate of no more than 5% per year.”
“Ak Bars Bank is actively involved in the implementation of all government business support programs. Helping backbone companies is important for restoring the country’s economic growth and maintaining a large number of jobs, “said Olga Yasonova, CEO and Head of Ak Bars Bank’s Corporate Entrepreneurship Department.
Daniil Egorov introduced a service for quick confirmation of soft loans for companies for the first time on April 23. this year in a video meeting with the Russian president.