“UkrSibbank” implements multicurrency direct debit

JSCIB “UkrSibbank” offers its customers an innovation product - “Multicurrency direct debit”.

“Multicurrency direct debit stands for a customer’s order to the Bank for automatic and regular debiting of term and overdue debt to the current account in national or foreign currency including performance of transactions at Ukrainian Interbank Currency Market/Interbank Currency Market, if needed, told Vladlen Dyedkov, Head of SME Department of JSCIB “UkrSibbank”. This option enables the provision of automatic timely payment of term and overdue arrears on the loan agreement at the expense of account balances in the currency different from the currency of the loan.”

The advantages of Multicurrency direct debit are as follows: Positive credit history:

• timely payment of outstanding debt on the agreement prevents the origination of overdue arrears.
• Multicurrency: the option of automatic repayment of a loan debt from current accounts the currency of which differs from the currency of the loan.
• Decrease of operational risks: Payment details are specified and checked by the customer in advance at signing of loan agreement / supplementary agreements.
• Saving time and money:
  • The number of payment orders made by the client (in hard and soft copies) gets down;
  • Opportunity to choose convenient time for visiting the Bank in order to pay in the current account.

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.

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