“UkrSibbank” offering foreign currency financing of small and medium business clients – ‘Chocolate Conditions’

JSCIB “UkrSibbank” offers a new mechanism for foreign currency financing of small and medium business clients – ‘Chocolate Conditions’.

Loan period is up to 36 months. Loan rates are: in USD – 10.5%, EUR – 10%, CHF – 7.5% per annum.The loan amount is up to 200 thousand EUR, USD, or the equivalent of 200 thousand USD in Swiss francs.

Intended use of such loans implies replenishment of current assets and/or financing of day-to-day operations.

The client pays to the bank a standard monthly commission for his/her current account maintenance, thus being able to plan expenses for settlement services.Loan conditions do not contain any commission for early loan redemption and provide free issuance of a corporate card.

“Under the ‘Chocolate Conditions’ program, a client obtains a reduced interest rate, which results in decreasing expenses for monthly payments of loan interest, as well as helps to cut down expenses for foreign currency purchase,” noted Head of “UkrSibbank” Small and Medium Business Department Vladlen Dedkov.

For your reference:

JSCIB “UkrSibbank” was registered on June 18, 1990. The bank operates under an NBU full license # 75 of December 24, 2001 for banking activities.

Here are the facts as of July 01, 2006: net assets – 14.7 billion UAH, capital – 1.3 billion UAH, loan and investment portfolio – 11.6 billion UAH, corporate clients’ funds – 4.1 billion UAH, individuals’ funds – 2.9 billion UAH

By today, the bank regional network consists of 930 affiliates and branches throughout Ukraine. 56.5 thousand Ukrainian enterprises are “UkrSibbank” clients; over 1.8 million individuals have opened accounts with the bank.

Press service:

Liliya Bevziuk +38 (044) 537 49 18 bevzuik@ukrsibbank.com

Tatiana Shikerjavaja +38 (044) 201 22 71 T_Shikerjavaja@ukrsibbank.com

Viktoriya Pashchevskaya +38 (044) 201 22 71 V_pashchevskaya@ukrsibbank.com