OREANDA-NEWS. May 21, 2009. JSCIB “UkrSibbank” is one of few banks to keep on financing Ukrainian SMEs despite the market instability, reported the press-centre of UkrSibbank.

“Nowadays, limited financial resources pose a significant problem to SMEs,” noticed Vlаdlеn Dyedkоv, Head of SME Department of JSCIB “UkrSibbank”. “As before, we still have an opportunity to support our clients with financing. Confirming its image of a reliable partner UkrSibbank keeps on demonstrating its stability and confidence in future.”

Under EBRD program, clients are offered the following lending conditions: 25% p.a. in the national currency and 20% p.a. in the US dollars. Loan may be granted for 7 years as a maximum, with up to 1.5-years grace period for principal amount. It can be covered both by the property purchased and real estate owned by the borrower. The maximum loan amount is equivalent to USD 3 mln. In addition to borrowed funds, the client is issued a certificate confirming compliance of business activity and environmental protection with EBRD standards.