“UkrSibbank” offering small and medium business crediting for the purchase of used cars

JSCIB “UkrSibbank” offers crediting of small and medium business clients for the purchase of used commercial motor transport. Credit period is up to 3 years. Maximum amount of credit is up to 50,000 USD. Minimum amount is 5,000 USD.

Initialpaymentamountshallbeatleast 30% of the car market value. The car shall be no older than 5 years. The principaldebt on credit is payable in equal parts on a monthly basis. Thecreditissecuredbythe acquired used car pledge.

Collateral insurance amount is set equal to the car market value for the first crediting year. For the subsequent years the insurance amount is determined as the car value adjusted for depreciation.

“When offering new crediting conditions for small and medium businesses who intend to buy a car, we consider interests and needs displayed by a wide segment of prospective buyers,” said 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 the 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 branches and outlets 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