OREANDA-NEWS. July 14, 2008. JSCIB “UkrSibbank” offers its SME clients favorable terms of financing within the framework of the cooperation program with the European Bank for Reconstruction and Development (EBRD), reported the press-centre of UkrSibbank.

“Financing under the EBRD project stands for: opportunity of loan arrangement under beneficial conditions, the European level of business running (issue of a special certificate), credit history of cooperation with the EBRD and many other advantages.

Currently “UkrSibbank” renders loans for SME with maturity of up to 7 years and grace period of up to 1,5 years. Rates for this type of loans make up: 17,7% in UAH, 13% in USD, 12% in EUR and 8,49% in CHF.

Interest rate under such loans is 1% less then that under a standard one. Maximum amount of loan is USD 3 bln. We finance up to 70% of the project value.Both acquired property and borrower-owned real estate can be offered as a security”, emphasized Vladlen Dyedkov, Head of SME Department of JSCIB “UkrSibbank”.

European Bank for Reconstruction and Development (EBRD) is an investment tool to back market economies and democracies in 27 countries from central Europe to central Asia. Founded in 1991, the EBRD is owned by 61 counties and two international institutions.