2015-05-20 Moody

Today 11 hrs., At the end of the selection of banks for state-supported micro-credit deadline, addressing an envelope the Ministry of Economy of the opening of the proposals submitted by the banks. Total tender published by the Ministry of Economy and JSC "Investment and Business Guarantees (INVEGA), participated in the 5 banks: Siauliu Bankas AB, UAB Medical Bank, JSC Parex Bank, SEB Bank and AB Ukio Bankas. Banking application amount - 70 million. Lt. The Commission, having considered all the proposals, direct negotiations will invite four banks, who provide the best deals for small credit conditions. The total supply of credit to encourage small earmarked addressing an envelope up to EUR 120 million. Com, and the instrument "Small credit addressing an envelope granting - stage 1" on 20 million. Lt Lithuanian state budget appropriations. State budget addressing an envelope funds for the provision of micro-credit will be used to promote the form of a loan. The funds will go to one or two banks that have participated in the selection and pasiūliusiems the most favorable addressing an envelope conditions for the provision of micro-credit. Target Bank loan will be granted addressing an envelope LTL 4 years, and for it to pay a fixed interest rate - 5.5 percent. per annum for the first 24 months. After 24 months. Bank established 6 months. VILIBOR - 0.5 percent. rate to a maximum of 5.5 percent. Bank financing for the measures to invest own funds (minimum required by the Bank part - 10 per cent.), And after 24 months. After signing the contract must repay 20 percent. guaranteed loan. Small businesses išskolinimo credit term - 10 weeks. Small borrowers - micro, small and medium-sized enterprises registered and operating in Lithuania core. One borrower may receive no more than one small credit. The maximum credit amount of low - 175 000 LTL Small loans will be provided for investments or working capital.
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