13.10.2007 /Home mortgage
 Loan vs. Lease! UkrSibbank renders USD 90mln to purchase commercial real estate
As of today JSCIB “UkrSibbank” rendered USD 90mln to purchase commercial real estate. Thus, commercial mortgage portfolio of the Bank hit USD 200mln. This indicates that more and more representatives of small and medium-sized enterprises prefer to repay loan for their own office premise rather than lease it. “Commercial real estate goes up by average 30% annually. Entrepreneurs do understand that rent is higher than interest rate, therefore they prefer by far purchasing premises under loan, - shared Vladlen Dyedkov, Head of SME Department, JSCIB “UkrSibbank”. – Besides, having bought real estate for private business, entrepreneurs shield from getting rent increase risks and obtain a liquid security for other projects lending”. Commercial mortgage is one of the most farsighted types of lending. The product allows gaining considerable profit and not withdrawing funds from the turnover. UkrSibbank lends purchase of any objects of commercial real estate: office, trading, warehouse, industrial and other premises. The loan may be rendered for up to 16 years at the rate of 8.99% in CHF, 12.4% in USD and EUR, and 14.5% in UAH. If a loan is repaid in equal installments (annuity), the rate is 12.9% in USD and 9.49% in CHF. Down payment amounts to 15% of market value of the purchased real estate. Collateral may be provided either by the real estate purchased under loan or by own property of the borrower (property guarantor). “We realize that business may bring profit only over some defined period of time, so UkrSibbank offers flexible interest repayment schedule and grace period for principal amount. Preliminary decision on loan origination is to be made promptly – within two-three days only”, - went on Vladlen Dyedkov. 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 01.08.2007: net assets – UAH 30.6bn, capital – UAH 3.5bn, loan and investment portfolio makes up UAH 26.7bn, corporate clients’ funds – UAH 4.6bn, individuals’ funds – UAH 3.9bn. 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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