On October 24, during the official meeting between the Prime Minister of the Italian Republic, Giuseppe Conte and the President of the Russian Federation, Vladimir Putin, RSMB Corporation and Mikro Kapital signed the first memorandum to support the growth of small and medium-sized enterprises in Russia.
The signing of the memorandum of understanding comes at the end of a joint meeting with a selected number of Italian entrepreneurs present and operating in Russia, and seals the collaboration between Mikro Kapital and the RSMB Corporation with the aim of supporting the development of Russian SMEs.
Russian Small and Medium Business Corporation (RSMB Corporation) is a development institution of the Russian Federation established in 2015 by President Putin with the purpose of providing support to SMEs and to all organizations that support small and medium-sized enterprises, including raising funds from Russian, foreign and international organizations.
Mikro Kapital is the leading Italian microfinance and impact finance company, operating in 18 countries and present in Russia since 2008. Founder of the company is the banker Vincenzo Trani, the only Italian member of the Board of Directors of the Russian Sovereign Fund MIR.
Vincenzo Trani, President of Mikro Kapital, during the signature, said: “Today is an important day for political and economic relations between Italy and Russia, the friendship between our two countries is known to everyone. I am very proud that the first Italian microfinance company to invest in an equal manner with a Russian government agency is Mikro Kapital, this confirms the right direction taken by our group, support the noblest part of entrepreneurship: small and medium-sized enterprises. “
Meeting with Italian business leaders.
The MoU expects a total investment of 2 billion Russian rubles (about 27 million euros), collected by international and institutional investors, supported on an equal proportion by Mikro Kapital and the RSMB Corporation and will focus on investments with a duration of 3 to 5 years.
All the debt investments made within this agreement will be partly covered by guarantees of MSP Bank (Russian Government Bank dedicated to small and medium enterprises, subsidiary of RSMB Corporation) and all credits will be valued jointly and on the same terms as for RSMB Corporation.
In Russia, the sixth largest economy in the world, the share of SMEs is around 20-21% of GDP, the Ministry of Economic Development of the Russian Federation, foresees that employees of small and medium-sized enterprises will increase up to 40 million in 2030, going from 18 million of 2017 and marking a strong growth and trend.
The collaboration will concentrate its investments on those companies engaged in high-tech projects, agriculture and production of food. As well companies involved in construction, transport and communications and development of domestic tourism (in the Russian Federation).
This agreement, as well as facilitating small businesses in the Russian Federation allowing them to access credit to increase their business and economic initiatives, will develop commercial and institutional relations between Russian companies and Italy and the countries of the European Union.
President of Russia Vladimir Putin and Italian Prime Minister Giuseppe Conte
Access to these credits will also favor Italian companies, in fact Russian companies are craving of technology and innovation from Italy, this Mou can be a privileged channel for encouraging the growth of technological and digital “Made in Italy” exports where Italy plays a role as the leader and strategic partner in Europe and in the world.
Mikro Kapital has always been close to SMEs with high growth potential and significant social impact, as they form the basis of the socio-economic development chain of modern society.
Since its foundation in 2008, Mikro Kapital has focused on investments, with particular attention to emerging countries. Mikro Kapital’s mission is to judiciously guide economic growth in the countries in which we operate, guaranteeing financial flows towards niche markets that are considered safe and profitable.
The information in this site is intended for professional investors only.
The information contained in these pages must not be used or relied upon by retail investors.
We recommend that you read the below before you view this site.
By clicking accept
you acknowledge that you have read and understood the important information below. It covers:
Our Cookies Policy, and
General legal and compliance information.
The information contained on the pages of this website should not be considered as an offer, or solicitation, to deal in any of the investment recommendation or funds mentioned herein, by anyone in any jurisdiction in which such offer or solicitation would be unlawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation.
To display the required information and stay up-to-date about it, please provide us your email address:
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.