Sber has introduced an innovative credit line for medium and large businesses

At the X Eastern Economic Forum, Sber presented a new loan solution for enterprises, providing medium and large businesses with permanent access to borrowed funds. This was announced by Anatoly Popov, Deputy Chairman of the Board of Sberbank. Upon expiration of the contract, the credit line is automatically extended on the same terms, while there are no restrictions on the number of extensions.

"In fact, this is eternal access to financing with automatic prolongation of the credit line. I think this solution will become a new standard in the market, because it removes the issue of refinancing from the agenda, freeing up time and effort for tasks on which business efficiency depends," Anatoly Popov said.

The product is available to both current customers of the bank and companies that have not previously been credited to Sberbank. The solution is a revolving credit facility with a set limit. One year before the end of its term or one month before the planned reduction of the limit, the line is automatically extended on the same terms if the financial performance of the company remains normal. According to the experts of Sberbank, in this way the business gets a tool for long-term budget planning and strategic development.

All important news is on the Izvestia channel in the MAX messenger.