08.10.2008 /Events
“UkrSibbank” finances Shipyard “Zaliv” to build a ship
JSCIB “UkrSibbank” launched financing for a ship-building yard “Zaliv” (Crimea, Kerch) to build a ship servicing drilling platforms, as ordered by Ulstein Company (Norway). The total cost of the project made up EUR 17.5 mln. The project is due by 15.05.2010. The financing targets a ship-building contract to build the hull of a ship-supplier having a total tonnage of DWT 8200 to maintain oil and gas platforms equipped with a crane and platforms for transporting large-sized cargoes. Previously, in 2007 “UkrSibbank” and “Zaliv” launched their first joint project aimed at financing building of the hull of a ship-supplier to maintain oil and gas platforms. The total cost of the project made up EUR 13.5 mln. So far, the building of the ship comes to a close, the ship is expected to be set afloat by the end of the month. Norwegian shipbuilding company Ulstein Hull As proved to be the customer in both cases. “The factors that contributed to the Bank’s taking a positive decision on the cooperation were Zaliv’s order portfolio increase, its considerable experience on the shipbuilding market, positive dynamics of the production volumes and its positive credit history,” shared Oleksandr Adarich, Chairman of the Management Board of JSCIB “UkrSibbank”. “During the time of our cooperation shipbuilding company “Zaliv” proved its being a reliable partner.” Mykola Kuzmenko, Chairman of “Zaliv” Supervisory Board said in his turn: “Fist stages of cooperation usually see a great number of difficulties but in view of our mutual cooperation with JSCIB “UkrSibbank” this statement turned out not being a universal truth. The Bank did not only help structure the financial part of the project in the most effective way, but it was fully engrossed in the production process as well.” “UkrSibbank” and “Zaliv” intend to continue their cooperation. Reference: JSCIB “UkrSibbank” (www.ukrsibbank.com) was registered on June 18, 1990. The Bank has a full NBU license on banking ¹ 75 of December 24, 2001. As of 01.09.2008: net assets – UAH 43.1 bln, capital – UAH 5.7 bln, loan and investment portfolio makes up UAH 38.5 bln, corporate customers’ funds – UAH 6.3 bln, individuals’ funds – UAH 7.3 bln. Regional network currently amounts to more than 1000 branches and outlets throughout Ukraine. 69 thousand of Ukraine’s businesses are customers of JSCIB “UkrSibbank”, the amount of individuals’ accounts exceeds 3.7 mln. In April 2006 it was closed a deal on BNP Paribas purchase of 51% of shares of JSCIB “UkrSibbank” BNP Paribas (www.bnpparibas.com) is a European leader of international banking and financial market and one of the three largest banks in the world according to the Standard & Poor’s Rating Agency. The Group is operating in more than 85 countries, and its headcount exceeds 168 000 employees, including 129 500 of them working in Europe. The Group holds top positions by developing key directions: corporate and investment banking, asset management and retail banking. The Group is represented in Europe in all key business streamlines, and major internal markets for retail banking services are Italy and France. BNP Paribas occupies leading positions in the USA as well as in Asia and emerging markets. OJSC “Shipyard “Zaliv” (www.zaliv.com) is one of the major ship-building and ship-repairing plants of Ukraine specialized in constructing tankers and containers and repairing ships of different types and deadweight tonnage. The current order portfolio of the plant is reserved till the year 2010. In 2007 the plant has increased its performance indicators: its production volume grew by 37% comparing to the year 2006, for the first time within the last 10 years the plant has received income amounting to UAH 3.7 mln as of the year end. Now the plant is working on ten shipbuilding contracts, the total value of which makes up around EUR 75 mln. Press-center of JSCIB “UkrSibbank”: Tetyana Shikeryava +38 (044) 201 22 71 t_shikerjavaja@ukrsibbank.com Anna Glinko +38 (044) 201 22 71 Anna.Glinko@ukrsibbank.com Victoriya Pashchevska +38 (044) 201 22 71 v_pashchevskaya@ukrsibbank.com Press-center of OJSC “Shipyard “Zaliv”: Maryna Romanika 8-(06561)-3-78-58 press@zaliv.com
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