Question 1

What is MSP Bank?

Accepted Answer

MSP Bank (АО «МСП Банк», officially known as Joint Stock Company "Russian Bank for Small and Medium Enterprises Support") is a specialized state-owned development bank in Russia. The bank focuses exclusively on providing financial support to small and medium-sized enterprises (SMEs) across the Russian Federation.

As a universal license bank, MSP Bank operates as a key instrument of government policy for SME development. The bank provides financing both directly to SME clients and indirectly through partnerships with regional and federal commercial banks, microfinance institutions, leasing companies, and factoring firms.

Question 2

When was MSP Bank founded?

Accepted Answer

MSP Bank was founded on July 7, 1999, pursuant to Federal Law No. 36-FZ "On the Federal Budget for 1999" and Government Decree No. 391-r dated March 10, 1999. The bank was originally established as Russian Bank of Development (OAO "RosBR").

The bank received its banking license (No. 3340) from the Central Bank of Russia on January 25, 2000. Over its history, the bank has undergone several transformations, including a name change to reflect its specialized mission of supporting small and medium enterprises.

In 2015, following Presidential Decree No. 287 on further development of small and medium entrepreneurship, the bank was transferred to new ownership. Since April 21, 2016, 100% of MSP Bank's shares have been owned by the Federal Corporation for the Development of Small and Medium Enterprises (SME Corporation), making it a fully state-controlled development institution.

Question 3

Where is MSP Bank headquartered?

Accepted Answer

MSP Bank is headquartered in Moscow at 79 Sadovnicheskaya Street, 115035. The head office serves as the central hub for the bank's operations throughout Russia.

The bank operates consultation centers in various regions across Russia to provide entrepreneurs with access to its financial support programs. These regional centers help facilitate the bank's mission of supporting SMEs throughout the country.

Question 4

Where does MSP Bank operate?

Accepted Answer

MSP Bank operates throughout the entire Russian Federation. The bank's presence extends across all federal subjects of Russia, reaching entrepreneurs in diverse regions from the North Caucasus Federal District and Far Eastern Federal District to Central Russia and Siberia.

The bank serves clients through its direct lending operations and through an extensive network of partner financial institutions. This includes partnerships with approximately 70 commercial banks, microfinance organizations, leasing companies, and factoring firms that help extend the bank's reach to SMEs in all regions of Russia.

MSP Bank maintains regional consultation centers in major cities including Veliky Novgorod and other locations to provide entrepreneurs with information about available support programs and financing options.

Question 5

What services does MSP Bank offer?

Accepted Answer

MSP Bank provides a comprehensive range of financial services tailored specifically for small and medium-sized enterprises:

Direct Lending Programs: The bank offers working capital loans ranging from 1 million to 500 million rubles with terms up to 36 months, and investment loans with preferential rates. Interest rates can be as low as 7.75% annually under certain government subsidy programs.

Indirect Financing: MSP Bank provides funding to partner banks, microfinance institutions, leasing companies, and factoring firms, enabling them to offer preferential financing to SME clients.

Guarantee and Collateral Support: The bank issues bank guarantees for SMEs participating in government procurement contracts under Federal Laws No. 44-FZ and No. 223-FZ. These guarantees help entrepreneurs secure contracts with major state purchasers and suppliers.

Capital Market Instruments: MSP Bank acts as an anchor investor for bond issuances by SMEs, helping small and medium enterprises access capital markets. The bank also provides dealer services on securities markets.

Specialized Programs: The bank participates in interest rate subsidy programs approved by the Russian government, including the Program 8.5 administered by the Ministry of Economic Development, which caps lending rates at 8.5% for qualifying SMEs.

MSP Bank also supports high-tech companies, social entrepreneurs, women-owned businesses, and entrepreneurs aged 45 and older as priority segments.

Question 6

What makes MSP Bank unique?

Accepted Answer

MSP Bank is the only Russian bank that provides financial support exclusively to small and medium-sized enterprises. This singular focus distinguishes it from all other financial institutions in Russia.

The bank operates as a state development institution with a clear mandate to implement government policy on SME support, rather than pursuing profit maximization. This allows it to offer preferential lending terms and take on higher-risk projects that commercial banks might decline.

MSP Bank's dual approach of direct lending and indirect financing through partner institutions creates a multiplier effect, significantly expanding access to affordable credit for Russian entrepreneurs. The bank works in close coordination with the SME Corporation to provide integrated support including not just financing, but also guarantees, training, and access to sales channels.

The bank participates in the Central Bank of Russia's SME lending stimulus program, which provides funding to participating banks at the key rate minus 1.5 percentage points under SME Corporation guarantees. This enables more favorable lending conditions for final borrowers.

MSP Bank is a participant in the Russian deposit insurance system and holds broker and dealer licenses for activities in financial markets, allowing it to support SME access to capital markets through bond issuances and other instruments.

Question 7

What type of financial institution is MSP Bank?

Accepted Answer

MSP Bank is a state-owned development bank (банк развития) with a universal banking license. In the Russian banking classification system, it is officially registered as a "Bank with Universal License" (Банк с универсальной лицензией).

Unlike commercial banks that serve diverse client segments, MSP Bank operates as a specialized development institution focused exclusively on small and medium enterprise financing. This classification reflects its role as an instrument of state economic policy rather than a traditional profit-oriented commercial bank.

The bank's status as a development institution means its activities are aligned with national priorities for SME sector growth, innovation support, and regional economic development. It functions as part of Russia's broader infrastructure for entrepreneurship support, working in tandem with the SME Corporation and regional guarantee organizations.

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About MSP Bank in Russia