Development of Ukrainian entrepreneurship is strategic target of «UkrSibbank»
More than 90% of Ukrainian enterprises belong to small and medium entrepreneurship, but at this they make only 11% in the countries GDP. To develop and reinforce their position on the market, such enterprises need help of reliable financial partner, who will be able to offer profitable conditions of long-term crediting. «UkrSibbank» has set service of small and medium entrepreneurship as its priority direction. Bank’s business model is based on the world practice, when the Department works with this market segment, and bank’s strategic target is support of Ukrainian entrepreneurship development.
Most of private entrepreneurs were registered in Kyiv region, Donetsk ranks second as for the amount of smaller businessmen. In total there are almost 320 thousand small enterprises in Ukraine. Financiers have calculated, that the most efficient for small and medium business is loan for the amount from UAH 150 to 500 thousand for the period of 3 years. „UkrSibbank” annually increases crediting volumes for such customers.
The volume of loan portfolio for small and medium business during 9 months of the current year has been increased by USD 200 mln. «UkrSibbank» plans to preserve this trend.
«We offer full range of banking services for enterprises of small and medium business, but the most important thing for the moment is crediting. Real pearls of our product line are program «Crediting at 14%», which allows to receive a loan in UAH and program «Chocolate conditions» with decreased interest rates in foreign currency», noted Taras Kirichenko, Deputy Chairman of the Board of JSIB «UkrSibbank».
Within the framework of microcrediting program, bank implements target loans for purchasing of commercial real estate, commercial transportation and equipment, and also replenishment of circulating funds. Loyalty program “Quartet of Champions” is also popular among businessmen.
"UkrSibbank" belongs to top five banks of the country, ranks third as for the amount of charter capital. Every year «UkrSibbank» expands its presence in all sectors of the financial market. Its regional network amounts to more than 950 branches and outlets, which serve about 60 000 of Ukrainian enterprises and 2 mln. individuals.
«Professional team of the bank developed special programs for corporate customers, representatives of small and medium entrepreneurship, individuals. Today «UkrSibbank» is a financial supermarket, which develops sustainably and is always ready to offer its customers modern banking service on the level of best European practices. The bank’s rates of growth may be envied not only by home competitors, but also by many foreign financial institutions. «UkrSibbank’s» achievements during last several years are unique among other Ukrainian banks», said Taras Kirichenko, Deputy Chairman of the Board of JSIB «UkrSibbank».
Strategic investor of «UkrSibbank» is BNP Paribas, one of the largest banking systems of the world. «UkrSibbank’s» integration into BNP Paribas system will open new opportunities for the bank.
BNP Paribas belongs to ten largest banks of the world, it works in 95 countries. BNP Paribas ranks 3 among leading European banks as for the amount of assets. According to the data of Forbes BNP Paribas banking group ranks 18 in the list of largest companies of the world’s economy.
Leading technologies of BNP Paribas will allow to boost the level and quality of customer service, expand product line of «UkrSibbank». Banking services to the population will be more diversified, affordable and of higher quality.
The cope of activity, billion financial indices, public recognition, multiple growth of branch network, experience and professionalism of 10 000 team will allow «UkrSibbank» to become “bank number one in Ukraine” in as short time as in two years.
Microcrediting
Loans within «Microcrediting» program are the most popular among the customers - about 34% of total portfolio. Terms of receiving microloans are very simple. Within microcrediting program target credits are implemented: for purchasing and construction of commercial real estate for the period up to 11 years, commercial transportation – up to 6 years, equipment – up to 3 years. Purchased property may be used as loan pledge.
Decreaseofinterestrates
Since September, 1 the rates were decreased on average by 2% on loans in currency and 1% on loans in UAH. Bank grants loans in Swiss francs at 8,5%, in USD – 12%, in Euro – 11% per annum. Currently it is the most competitive offer on the loan market of Ukraine.
«Chocolate conditions»
The new program with decreased interest rates in foreign currency. «Chocolate» rate in USD makes up 10,5%, in Euro – 10%, in Swiss francs – 7,5%. Within this program loans for replenishment of circulating funds or for financing of current activity are granted for the period of up to 36 months with limit of up to USD/Euro 200 000. The program will allow entrepreneurs to decrease expenses on monthly repayment of interest, also «Chocolate conditions» have a number of other advantages, among which: no commission for early loan repayment, option of corporate payment card reception, on the balance of which interest rate in the amount of 3% per annum is accrued, etc.
Express-loans
To receive a USD 5000 loan quickly on simplified scheme of loan reception is a comfortable offer for representatives of small and medium business. Loans for the period from 3 to 18 months are rendered without pledge , on guarantee. Loan rate in UAH makes up 30%, in USD – 24% and in Euro - 22% per annum. Express-loans allow entrepreneurs to replenish their circulating funds quickly and easily. Key feature of express-loans is efficiency of decision-making process and rendering a loan, and also minimum requirements to the documents.
LoansinSwissfrancs
«UkrSibbank» offers a product, which is unique on Ukrainian financial market – loans in Swiss francs, annual rate for this type of the loan makes up from 8,2%. This is the best offer on the market. Maximum crediting period for entrepreneurs makes up 11 years when crediting of commercial real estate, car – 6 years, one can replenish circulating funds at the expense of credit funds for a period of 3 years. Repayment of loan is done monthly in equal parts, there is an option to delay first repayment of the loan for the period of up to 12 months.
Commercial mortgage
In 2004 prices for commercial real estate have grown by 25-30%, in 2005 by another 25-30%, in Kyiv for 2005 this index made up 40%, i.å. the amount of accrued interest during several years of loan use appeared to be either equal, or less than amount, by which real estate has grown in price per year. Loans for commercial real estate purchasing are rendered legal entities, and also to private entrepreneurs at 17% in national currency, 12,2% in USD,12,5 % in Euro, 8,4% in Swiss francs for a period of 11 years.
Carloans
Car loans are rendered both for purchase of light and cargo vehicles, special transportation. Crediting conditions for customers of small and medium business – up to 6 years for purchase of commercial transportation. Interest rates are the best on car loans market for today – 15% per annum in UAH. If loan amount is less than 50 000 USD, no pledge notarization is required. Apart from new car transport, customers can purchase second-hand transportation for the period of up to 3 years.
Reference:
JSIB «UkrSibbank» was registered on June 18 1990. Bank has full NBU license for banking operations ¹ 75 of December, 24 2001.
As of 01.09.2006: net assets – UAH 15,6 bln., capital – UAH 2,0 bln, loan and investment portfolio makes up UAH 12,79 bln, corporate customers’ funds – UAH 4, bln, individuals’ funds – UAH 3,1 bln.
Regional network currently amounts to 950 branches and outlets throughout Ukraine. 60 thou. of Ukraine’s businesses re customers of JSIB «UkrSibbank», the amount of individuals’ accounts exceeds 1,9 mln.
