Small and medium-sized enterprises (SMEs) in Russia have faced a tough time over the past two years after large corporates and private individuals tightened their belts and once-enthusiastic banks cut back their lending activity as the country went into recession. Consequently, the SME banking segment registered the highest bad loan ratios, which only served to shrink the availability of funding even further.
But with the Russian economy reviving, banks with a strategic focus on the SME sector are looking forward to reaping the rewards of the improved business climate.
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