Sovcombank launches a promotion for miners and hosters and expands lending opportunities secured by Bitcoin

As part of the promotion, corporate clients have access to free account maintenance, including Internet banking, preferential terms for currency control and other benefits.

For clients of the SME segment, free transfers to individual accounts within the bank are additionally offered in the amount of up to 1 million rubles. New bank clients registered in the register of miners and mining infrastructure operators can become participants in the promotion.

In addition, the Bank is the first on the Russian market to offer corporate clients loans secured by Bitcoin. The product can be used by all legal entities and individual entrepreneurs who legally own a digital asset.

“Mining has ceased to be a niche “bitcoin mining” – it has turned into an investment class with predictable profitability, payback period and manageable risks,” commented Marina Burdonova, compliance director of Sovcombank, on the launch of the promotion.

“Sovcombank sees the potential of partnership with all participants in the crypto industry – from miners and data center operators to crypto exchanges and exchangers. We develop specialized products for each segment, such as settlement services with special features and conditions, loans and project financing, as well as risk management tools. In particular, we offer lending secured by Bitcoin, which allows our clients to attract financing for business development without resorting to selling their assets,” added Marina Burdonova.

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