“UkrSibbank” renders loans for UAH 30 mln. to entrepreneurs under the EBRD cooperation program

“UkrSibbank” has rendered loans for UAH 30 mln. to SME clients within the framework of the cooperation program with the European Bank for Reconstruction and Development.

“Loans under EBRD cooperation program have a number of advantages for entrepreneurs to include, primarily, more favorable conditions of loan execution: interest rate under this type of loan is 1% lower comparing to a standard one, grace period of the principal amount equals 18 months. Moreover, credit history of the client will benefit from cooperation with EBRD, proving the European level of business running,” emphasized Vladlen Dyedkov, Head of SME Department of JSCIB “UkrSibbank”. “It’s worth mentioning that the one of the main prerequisites of loan rendering is compliance of the client’s business with environment requirements of EBRD”.

Financing under EBRD cooperation program includes purchase of fixed assets and replenishment of turnover capital as well as investment crediting for the period of up to 7 years in UAH, USD and EUR. Maximum amount of loan amounts up to 70% of the value of property.

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 01.08.2008: net assets – UAH 42.3 bln, capital – UAH 5.6 bln, loan and investment portfolio makes up UAH 38.3 bln, corporate customers’ funds – UAH 6.4 bln, individuals’ funds – UAH 7.2 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 3.6 mln. In April 2006 there 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 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.

European Bank for Reconstruction and Development, EBRD (http://ebrd.com/ru/index.htm) is an investment mechanism created in 1991 by 60 countries and two international organizations to support market economy and democracy in 27 countries — from Central Europe to Central Asia.

Press-center of JSCIB “UkrSibbank”:
Tåtyanà Shykåryavà +38 (044) 201 22 71 t_shikerjavaja@ukrsibbank.com
Anna Glinko +38 (044) 201 22 71 Anna.Glinko@ukrsibbank.com
Victoria Pashchevska +38 (044) 201 22 71 v_pashchevskaya@ukrsibbank.com

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