Irina Grigoryeva
Senior Vice-President, Loco-Bank
Unfortunately, the experience with the guarantee funds demonstrated the unreliability of such format of credit in connection with which in case of participation of the guarantee funds in the financing of the project it is necessary to analyze the rating of the fund and its financial condition. When analyzing a loan application the priority criterion influencing the decision is firstly the status of the financial condition of the company, secondly - the liquidity of the collateral. The participation of the guarantee fund by the bank is valued more as an option to minimize the risks.
According to the procedure of Loco-Bank in lending with participation of guarantee funds, the share provided by the guarantee fund is accounted as security part whereas the product standard rates apply regardless of fund participation.
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Spartak Solonin
Vice-President, Deputy Director on small business clients care, VTB 24
Availability of warranty of guarantee funds is positive, as a factor that affects exclusively from the point of view of the quality of the collateral on the loan. The final decision is made by the bank on the basis of analysis of the financial situation of the client. Thus, frequently, the bank does full or partial refund to the customer of the commission fees and other charges for the provision of a guarantee fund warranty on transaction by waiving or reducing the warranty fees of the bank or the interest rate.
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Roman Gavrilov
Vice-President, Managing Director on small and medium business clients, Life Financial group
Of course, it increases. From a technical point of view, the guarantee is the equivalent to collateral. Conditions on secured loans are better by definition. To be fair, I should note that the most important for us when deciding on a loan - not bail or warranty, but, how things work in the client's business.
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