UkrSibbank’s SME portfolio amounts to $B 1.4
Loan protfolio of the Small and Medium Enterprises Department of JSCIB «UkrSibbank» exceeded USD 1.4bln showing monthly growth of USD 100mln.
Flexible financing conditions and a possibility to obtain a loan with individual repayment schedule (including grace period, and repayment by equal parts) contributed to the significant growth of UkrSibbank’s loan portfolio.
«SME market is consuming the resources much more actively than depositing them in the banks and we need to keep this in mind. Therefore, UkrSibbank is now putting an emphasis on financing. Every time UkrSibbank strives to provide the market with more and more attractive conditions alongside with offering new lending programs – joint campaign with KIA Motors car dealer enables customers to take advantage of the special rates on cars to be purchased – from 7.99% per annum. The customers may also benefit from exceptional loan conditions envisaged by the “Quartet of Champions” Program. Moreover, there is a possibility to save on bank services by applying for loans at 14% in national currency and at 7% in foreign exchange within the “Chocolate Conditions Program”», - said Vladlen Dedkov, Head of the SME Department of JSCIB “UkrSibbank“.
It should be mentioned that UkrSibbank was among the very first to grasp the future prospects of services for small and medium enterprises by having created a separate structure and special products.
«In 2007 UkrSibbank plans to boost the express-crediting program, i.e. to change the conditions of rendering loans without collateral. Hence, the Bank will cover a broader segment of reliable customers. Besides, in the short run UkrSibbank is launching a new format of “Equipment on Loan” Program by making it mass and available for SMEs. Special financing programs will be developed for the entrepreneurs taking into account both personal and commercial needs of the customers», - added Vladlen Dedkov.
Reference:
JSCIB «UkrSibbank» was registered on June 18, 1990. Bank has a full NBU license for banking operations ¹ 75 of December 24, 2001.
As of 01.02.2007: net assets – UAH 22.3bln, capital – UAH 2.5bln, loan and investment portfolio makes up UAH 19.5bln, corporate customers’ funds – UAH 3.4bln, individuals’ funds – UAH 3.5bln.
Regional network currently amounts to 1000 branches and outlets throughout Ukraine. 69 thousand of Ukraine’s businesses are customers of JSCIB «UkrSibbank»; the amount of individuals’ accounts exceeds 2.5 mln.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader of banking and financial services market with significant and expanding presence in the USA and leading positions in Asia. The Group is one of the world’s major banking networks, which is operating in more than 85 countries. Headcount of BNP Paribas exceeds 140 000 persons, including some
110 000 employees throughout Europe. BNP Paribas is a leader in three key directions: corporate and investment banking, asset management and retail banking.
Press-centre:
Liliya Bevzyuk +38 (044) 537 49 18 bevzuik@ukrsibbank.com
Tatyana Shikeryavaya +38 (044) 201 22 71 T_Shikerjavaja@ukrsibbank.com
Victoriya Pashevskaya +38 (044) 201 22 71 V_pashchevskaya@ukrsibbank.com
