SME Corporation Federal Corporation for the Development of Small and Medium Enterprises
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SME Corporation operates as a development institute in the field of small and medium-sized businesses in order to coordinate the provision of support to small and medium-sized businesses (SMEs) provided for by the Federal Law of 24.07.2007 No. 209-FZ "On the Development of Small and Medium-Sized Businesses in the Russian Federation" after changing the name of the joint-stock company "Non-bank deposit and credit organization" Agency of Credit Guarantees "
The Federal Corporation for the Development of Small and Medium-Sized Businesses (SME Corporation) operates as a development institute in the field of small and medium-sized businesses. The main activities of the SME Corporation are:
- providing financial support to SMEs by issuing independent guarantees and guarantees, including as part of a special credit and guarantee support tool developed jointly with the Bank of Russia ("6.5% Program");
- implementation of measures to increase access of SMEs to procurement of companies with state participation;
- property support, including in the form of transfer to ownership, possession and (or) use of real estate objects;
- Information and Marketing Support
- organization of a system of legal support measures.
Performance indicators
2024: Net profit growth 4.8 times to ₽10,2 billion
The net profit of the Federal Corporation for the Development of Small and Medium Enterprises (SME Corporation) in 2024 reached ₽10,2 billion, an increase of 4.8 times compared to 2023. According to the statements published in mid-April 2025, the total volume of the organization's assets exceeded ₽1,3 trillion, and the total loan portfolio, taking into account the subsidiaries of SME Bank and SME Leasing, amounted to more than ₽1 trillion.
According to the Federal Corporation for the Development of Small and Medium-Sized Businesses, the Corporation's capital gain since 2021 amounted to more than ₽34 billion, and the return on equity in 2024 reached 8.6%. EBITDA for the reporting period amounted to ₽11,7 billion, which is almost 3.4 times more than a year earlier.
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Alexander Isaevich, CEO of SME Corporation, noted that the achieved financial result was made possible due to the Corporation's ability to respond to external challenges and quickly rebuild its work depending on the tasks of the state and business. Thanks to the mechanism of "umbrella" guarantees for three years, the SME Corporation took on the risk for more than 90 thousand entrepreneurs, which allowed them to attract almost ₽1 trillion. Every third loan an entrepreneur would not receive without these guarantees.
Since 2022, the organization has reached the break-even point both for the Corporation as a whole and for the subsidiary SME Bank. Also, the reorganization of regional leasing companies was carried out and a single center for the implementation of preferential leasing programs was created - SME leasing. According to Isaevich, all these measures made it possible to enter the trajectory of profit growth, increase capital and ensure its profitability.
The financial result was also affected by working with distressed assets. Alexander Isaevich stressed that the Corporation helps business with the restructuring of loans received under their guarantees, and is looking for new investors to restart projects. Such a mechanism has been established in SME Bank. At the end of 2024, more than ₽6 billion were saved in this way.[1]
History
2023: Agreement with RTKomm and Rubetek on the production of domestic satellite equipment
The federal operator RTCOMM, Rubetek and SME Corporation entered into a tripartite agreement on the results of the selection for the supply of satellite modems, a central earth communication station and subscriber devices. RTCOMM announced this on October 9, 2023. Read more here.
2020
A.Isaevich replaces A.Braverman as CEO
In December 2020, Alexander Braverman left the post of general director of the SME Corporation.
CEO of SME Corporation Alexander Braverman left his post. Alexander Isaevich, Deputy Head of the Department of Entrepreneurship and Innovative Development of Moscow, has been appointed the new head of the corporation.
Transition under the control of ВЭБ.РФ
On November 23, 2020, Russian Prime Minister Mikhail Mishustin announced a large-scale optimization of development institutions. Some of them will come under the control of the state corporation ВЭБ.РФ. More details here.
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