23.03.2007 /Home mortgage
 Star Hour: new conditions of the mortgage loan offered by "UkrSibbank"
March 2007 JSCIB “UkrSibbank” introduced a new product “Family mortgage. Star Hour” to the mortgage market. New promotional campaign dedicated to this event has also been launched on March 15 all over Ukraine. The most significant distinctive feature of “Star Hour” unique offer is being customer friendly. The Bank provides the borrowers with an opportunity to take advantage of 6-month grace period for loan and interest payment twice within the whole loan period. “Currently, being successful and competitive on the mortgage market does not only imply offering product package for individuals. In the environment of increasing aggressiveness of competition in the banking sector, leading banks suggest loan interest rates at the similar level. In this situation the clients are mostly attracted by the reliability of financial institution, service level and availability and convenience, – emphasized Oleksandr Adarich, Chairman of the Board of JSCIB “UkrSibbank”. – This is the reason why “UkrSibbank” is not satisfied with the current achievements and constantly developing and introducing special products”. As of today, mortgage market is one of the fastest developing and most promising in Ukraine: it indicated the growth of 138% in 2006. Expert analysis show that in 2006 mortgage loans outstanding amounts in Ukraine exceeded $5.7bln. Thus, the mortgage portfolio has grown more than two times within one year alone. “UkrSibbank” is among TOP-3 retail Ukrainian banks. According to the Ukrainian National Information and News Agency, “UkrSibbank’s” market share in the segment of mortgage lending to individuals amounts to 14.7%, and within 2006, volume of the loan portfolio (in consumer finance segment) has doubled. As of 01.02.07, loan portfolio on mortgage programs for population made up USD 1 035 mln. 35 800 borrowers have been rendered a mortgage loan. “UkrSibbank” cooperates with more than 1100 individual realtors and real estate agencies. “For the time being, major Ukrainian banks are vigorously developing retail banking, and strive to make use of the tremendous consumer market potential of the country with population amounting to 47mln people” – stressed Jean-Fran?ois Varlet , Head of the Supervisory Council of JSCIB “UkrSibbank”. Reference: JSCIB «UkrSibbank» was registered on June 18, 1990. The Bank has a full NBU license for banking operations ¹ 75 of December 24, 2001. As of 01.02.2007: net assets – UAH 22.3bln, capital – UAH 2.5bln, loan and investment portfolio makes up UAH 19.5bln, corporate customers’ funds – UAH 3.4bln, individuals’ funds – UAH 3.5bln. 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 2.5mln. Informationon BNP Paribas BNP Paribas (www.bnpparibas.com) is a European leader of the financial and banking services. The Group is currently increasing its already significant presence in USA and very strong positions in Asia. The Group is among the largest international banking networks operating in over 85 countries worldwide. BNP Paribas’ personnel exceeds the number of 140 000, including about 110 000 employees in Europe. BNP Paribas strengthens its position by developing three major business directions: corporate and investment banking, asset management and retail banking. Press service:
Liliya Bevzyuk +38 (044) 537 49 18 bevzuik@ukrsibbank.com
Tatyana Shykeryavaya +38 (044) 201 22 71 t_shikerjavaja@ukrsibbank.com
Victoriya Pashchevskaya +38 (044) 201 22 71 v_pashchevskaya@ukrsibbank.com
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