“UkrSibbank” renders a 1st loan to SME client under the EBRD cooperation program

JSCIB “UkrSibbank” has rendered a first loan to SME client based in the city of Ternopil within the framework of the cooperation program with the European Bank for Reconstruction and Development (EBRD). The amount of loan made up USD 345 thousand.

“Cooperation of “UkrSibbank” with EBRD means, first of all, financing of SME clients at the European level. This program not only strengthens the image of “UkrSibbank” as a reliable bank, but also broadens the range of products for our clients, provides the credit options under favorable conditions, said Vladlen Dyedkov, Head of SME Department of JSCIB “UkrSibbank”. – The financing program allows providing a borrower with a grace period of up to 1.5 years and perfect pricing terms. Moreover, within the scope of the project each SME client will get a special certificate to confirm the European level of business running of our borrower”.

It’s worth reminding that “UkrSibbank” has previously signed a framework agreement with the European Bank for Reconstruction and Development (EBRD) on opening of the first credit facility for the amount of USD 50 mln. to develop long-term financing of small- and medium-sized enterprises.

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 01.02.2008: net assets – UAH 37.3 bln., capital – UAH 4.09 bln., loan and investment portfolio makes up UAH 32.8 bln., corporate customers’ funds – UAH 4.5 bln., individuals’ funds – UAH 6.6 bln. Regional network currently amounts to more than 1 000 branches and outlets throughout Ukraine. 69 thousand of Ukraine’s businesses are customers of JSCIB «UkrSibbank», the amount of individuals’ accounts exceeds 3.2 mln. In April 2006, BNP Paribas purchased 51% of shares in JSCIB “UkrSibbank”.

BNP Paribas (www.bnpparibas.com) is a European leader of international banking and financial market and one of the four 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 161 000 employees, including 125 000 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.

Press-center of JSCIB “UkrSibbank”:
Liliya Bevzyuk +38 (044) 537 49 18 bevzuik@ukrsibbank.com
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

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