In 2008, UkrSibbank made a $1.5bn investment into the development of small and medium business of Ukraine, thus having increased SME asset portfolio of the Bank up to USD 2.5bn. The Bank is very active in funding the development of small and medium-sized enterprises in each and every branch of Ukrainian economy. “This year over 17 thousand SME businesses, represented mainly by companies and private entrepreneurs in the area of trading, construction and services, have become borrowers of UkrSibbank”, commented Vladlen Dyedkov, Head of SME Department, JSCIB “UkrSibbank”.
Substantial share of SME loan portfolio is represented by mortgage and working capital financing (WCF), that also involves both one-time credits and revolving facilities. Fairly often clients apply to the Bank for refinancing.
Since September, 2008 the Bank reduced an entry fee for WCF from 2% up to 1.5%. Such savings enable the clients to compensate for payment of cash and settlement services of the Bank.
Bank financial advisers are always ready to simulate loan service costs and to advise on how to optimize costs, what lending program is more appropriate for an enterprise. Day in day out over a thousand advisers of the Bank at 1000 branches nationwide are assisting entrepreneurs in tackling the issues of financing of their business.
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 it 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 168 000 employees, including 129 500 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”:
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