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Center-invest Bank Presented its SME Banking Experience at the Chamber of Commerce and Industry of the Russian Federation

29.09.2022

Mr. Alexander Dolganov, Ph.D. in Economics, Deputy Chairman of Center-invest Bank's Management Board, has attended the strategy session of the Russian Chamber of Commerce and Industry where he has given the benefit of the bank’s experience in involving SME customers in the sustainable development agenda.

The session was devoted to elaborating tools and methodologies aimed at developing, popularizing and promoting the sustainable development and social responsibility practices among small and medium-sized businesses in the country's regions.

The panelists were the leading experts — representatives of consulting, auditing, financial, research organizations, industry and professional associations, large businesses.

Center-invest Bank has presented its experience in developing and implementing its own ESG-rating methodology for SME customers which was used to assess more than 1,800 customers. The new methodology includes 25 factors grouped into 4 sections: financial aspects, environment, social services, and management. To promote the ESG agenda between the SME customers, the bank builds up a loyalty program linked to the borrower's credit score, including a discount from the basic interest rate for the loan.

Center-invest Bank demonstrates a balanced strategic approach to engaging the customers and partners ecosystem in the sustainable development agenda based on digital technologies, for the benefit of the community, business and government authorities, present and future generations.