UkrSibbank financing small and medium-sized enterprises at UAH 11.5% p.a.

From now on the businesses and entrepreneurs being serviced at JSCIB “UkrSibbank” may apply for a loan or credit facility at the rate of 11.5% in UAH in the amount of UAH 50 000 to 1mln with a 3-years maturity for the purposes of current assets and working capital financing.

“As of today it is one of the best offers for SMEs nationwide, - emphasized Vladlen Dyedkov, Head of SME Department, JSCIB “UkrSibbank”. – In addition, such a significant reduction of interest rate didn’t entangle the increase of fees. Standard cost of these loans makes up 14% per annum in UAH, nevertheless, in view of all business customer-bank relationship we were in position to offer 11.5%. Hence, the client will cut down the cost of banking service by paying the difference between standard and reduced interest rate for the entire period of lending.

Extra advantages of the program include free opening of UAH card account and issue of corporate payment card Visa Business/MC Business. Interest shall be accrued to the card balance at 4% p.a. Early repayment fee will not be charged. The financing is rendered by maintaining current account under the terms and conditions of “Creditnyj” package.

UkrSibbank’s financial advisers are ready to promptly advise small and medium-sized enterprises on all issues of interest and to ensure necessary support for the convenience of co-operation with the Bank.

Reference:

JSCIB «UkrSibbank» (www.ukrsibbank.com) was registered on June 18, 1990. The Bank has a full NBU license ¹ 75 dated December 24, 2001 on banking. As of 01.09.2007: net assets – UAH 30.9bn, capital – UAH 3.5bn, loan and investment portfolio makes up UAH 27bn, corporate clients’ funds – UAH 4.9bn, individuals’ funds – UAH 4.2bn. At present regional network amounts to 1000 branches and outlets nationwide. 69 thousand Ukraine’s businesses are customers of JSCIB “UkrSibbank”; number of individuals’ accounts exceeds 2.9mln. In April 2006 it was closed a deal on BNP Paribas purchase of 51% of shares in JSCIB “UkrSibbank”.

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

Press-center of JSCIB «UkrSibbank»:
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
Yulia Kil’mukhametova +38 (044) 201 22 71 julia.kilmukhametova@ukrsibbank.com

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