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“UkrSibbank” acquires a new club loan

JSCIB «UkrSibbank», BNP Paribas Group, received a new club loan totaling USD 75 bln. with a one-year maturity. The club loan has an interest rate of 12m LIBOR + 1.00% per annum and is fixed at the level of 4.29375%.

Lead manager of the loan is “Emirates Bank International PJSC”, paying agent is “Sumitomo Mitsui Banking Corporation Europe Limited”. The raised funds will be allocated to finance general corporate objectives of “UkrSibbank”.

“Despite adverse impact of the liquidity crisis on the international financial markets, “UkrSibbank” keeps actively attracting funds from the market, and this transaction is the evidence of it. We raise external funds on a mutually beneficial basis to finance the development of the bank and the activity of its customers”, emphasized Oleksandr Adarich, Chairman of the Management Board of “UkrSibbank”.

Banks from Far and Middle East participated in the acquired club loan:

  • Emirates Bank International PJSC;
  • First Gulf Bank;
  • Mashreqbank PSC;
  • Sumitomo Mitsui Banking Corporation Europe Limited;
  • Union National Bank;
  • National Bank of Oman.

“This constitutes the 2nd successful club loan acquired by the bank. For instance, in 2007 “UkrSibbank” attracted a $50 million loan from two UAE banks, Emirates Bank and Mashreqbank, fully repaid in spring, 2008”, commented Oleksandr Sulyaeev, Deputy Chairman of the Management Board of “UkrSibbank”.

“Extending our range of funding instruments, we also take advantage of geographical location of investors, às Arabic region appeared to be less affected by the global liquidity crisis, than Western Europe countries”, noted Vàdym Myrînyuk, Head of International Business Division of JSCIB “UkrSibbank”.

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 01.05.2008: net assets – UAH 40.1 bln, capital – UAH 4.7 bln, loan and investment portfolio makes up UAH 35.2 bln, corporate clients’ funds – UAH 5.4 bln, individuals’ funds – UAH 7.4 bln. 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 3.4 mln. 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 of international banking and financial market and one of the four 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”:
Liliya Bevzyuk +38 (044) 537 49 18 bevzuik@ukrsibbank.com
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


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