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14.03.2007 /Auto loans UkrSibbank has rendered $200 mln. for commercial cars purchase

Credit portfolio of the SME Department of JSCIB “UkrSibbank” on commercial car lending has topped $200 mln. More than 15000 entrepreneurs have been rendered a commercial car credit.

“Currently our car credit portfolio exceeds the entire credit portfolio of the SME Department as of the moment this direction was launched at JSCIB “UkrSibbank” in 2005. We are going to actively develop car lending further on”, pointed Vladlen Dedkov, Head of the SME Department of JSCIB “UkrSibbank”. – The instance of this is a joint campaign with the network of KIA Motors Ukraine Ltd., which allows our customers to be rendered a credit under as low interest as 7.99% per annum!”.

Currently “UkrSibbank” renders credits for new and prior used cars and trucks, as well as for special equipment. The rate for SME customers start with as little as just 7.99% per annum! A new commercial car may be credited for a period of up to 6 years (personal cars for entrepreneurs for up to 7 years), used ones for up to 3 years. If the loan amount is less than $50 000, then no collateral notarization is necessary.

Reference:
JSCIB «UkrSibbank» was registered on June 18 1990. Bank has full NBU license for banking operations ¹ 75 of December, 24 2001.

As of 01.02.2007: net assets – UAH 22.3 bln, capital – UAH 2.5 bln, loan and investment portfolio makes up UAH 19.5 bln, corporate customers’ funds – UAH 3.4 bln, individuals’ funds – UAH 3.5 bln.

Regional network currently amounts to 967 branches and outlets throughout Ukraine. 69 thousand of Ukraine’s businesses are customers of JSCIB «UkrSibbank», the amount of individuals’ accounts exceeds 2.5 mln.

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader of banking and financial services market with significant and expanding presence in the USA and leading positions in Asia. The Group is one of the world’s major banking networks, which is operating in more than 85 countries. Headcount of BNP Paribas exceeds 140 000 persons, including some 110 000 employees throughout Europe. BNP Paribas is a leader in three key directions: corporate and investment banking, asset management and retail banking.

Press-centre:
Lilija Bevzjuk +38 (044) 537 49 18 bevzuik@ukrsibbank.com
Tatjana Shikerjavaja +38 (044) 201 22 71 T_Shikerjavaja@ukrsibbank.com
Victoria Pashevskaja +38 (044) 201 22 71 V_pashchevskaya@ukrsibbank.com


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