(Source: http://www.vsnr.ru/news)

 Since March 2017, Binbank has provided over 20 thousand express guarantees to credit small and medium-sized business for 19.5 billion rubles. At the same time, in July, the volume of guarantees issued to ensure the execution of state contracts increased by 6.3 billion rubles.

The bank's clients are represented by more than seven thousand enterprises and individual entrepreneurs. The representatives of small and medium-sized business can get a bank guarantee for the amount up to 50 million rubles without visiting the office, the report says.

At the same time, there is no need for security; the set of documents that is provided in electronic form, include tender documents, constituent documents and financial statements. The term for making a decision on issuing a guarantee varies from 15 minutes to 1 hour, and the commission is from 3.3 percent per annum.