OREANDA-NEWS. April 22, 2008. RODOVID BANK began the introduction of the new program of crediting of small and medium-sized business in Odessa and its regions. In every region of Ukraine, the Bank opens the points of sales of new line of credit products that are aimed at support of small enterprises. The new program of crediting is already introduced in Dnepropetrovsk, Poltava, Kiev, Donetsk, Lviv regions. Now the enterprises of Odessa and its regions will be able to get microcredits.

"Many businessmen in Odessa that are working, particular, in the field of trade and services have a sharp requirement in loans. With the help of our program of crediting of small and medium-sized business, we hope to help to develop the business of many Odessa’s enterprises and business entity", - Mr. Sergey Shevtsov, the Adviser of the First Vice-Chairman of the Board of OJSC "RODOVID BANK", said. "The microcrediting program was developed specially for small and medium-sized business with the purpose of the maximal rapid and flexible reacting on the necessity of our clients", - Mr. Sergey Tsybulenko, the Head of the microcrediting department of OJSC "RODOVID BANK", told. According to him, the enterprises need such microcredits for addition to the circulating assets, acquisition of the fixed assets (equipment, motor-car vehicle), and development of business. Term of crediting within the framework of the new program can be from 3 up to 60 months, depending on the type of product. Unsecured loan ("S.O.S." product) can be granted during 1 day, and mortgage ("Micro", "Small" programs) – during 2-5 days. Within the framework of credits for small and medium-sized business, the businessmen can get loan in RODOVID BANK on a sum from 100 up to 200 thousand USD.

The facilities of credit line of the European Bank of Reconstruction and Development will be directed on small and medium-sized business crediting. The credit Agreement between EBRD and RODOVID BANK was signed on October, 12, 2007. The sum of this deal is 10 million USD.

The goal of credit line is the support of development of crediting of small and medium-sized business in Ukraine. Introduction of microcrediting in RODOVID BANK is carried out jointly with the Program of Microcrediting in Ukraine (PMU). Till the end of 2008, RODOVID BANK plans to open 30 points of sales of credits for small and medium-sized business. The program of mortgage crediting will be introduced for legal entities (business-mortgage). "Microcrediting it is large and prospects market. In the wealthy countries of the world, there is a large layer of middle class, which is generated by large service-industry", - Mr. Denys Gorbunenko, the Chairman of the Board of RODOVID BANK, said. According to him, RODOVID BANK jointly with EBRD program of crediting of small and medium-sized business will increase the client’s portfolio and the market share in the filed of crediting of small and medium-sized business.

The centre of microcrediting is located at the following address: Odessa, Pushkinskaya street, 34.