OREANDA-NEWS. February 24, 2011. Ukrsotsbank expert Yuriy Zadranovskiy, Head of Micro and Small Business Clients Division described predominating trends on small business market at the moment and told about term’s modification of Ukrsotsbank programs compared to the same period last year.

Yuriy Zadranovskiy: “Small business market has reached the period of active recovery after the collapse and requires extra funding for its operation. Due to the fact a lot of banks, including Ukrsotsbank, enthusiastically enter the market with their lending programs. At this time our Bank implements lending of small business starting from 17% interest rate per annum.  It should be mentioned that banks’ policy has changed. The most essential argument on granting the credit is financial and economic position of the client. Security for the loan is considered secondarily. Small and medium banking is among the priority areas for Ukrsotsbank in 2011”.

Expert also stated new possibilities for micro and small business clients: “In connection with the new Tax Code adoption, tax burden on small business will substantially increase, that in its turn will require extra funding for operation. Being aware of small business situation in Ukraine, Ukrsotsbank offers such clients not only lending services, but also other favorable terms. Thus, some special offers will remain valid up to 31 March, 2011. In accordance with them all small business clients get the opportunity not to pay subscription fee for services within a month while opening current account. In case of placing deposit for more than 3 month period, client obtains possibility to get extra interest on effective interest rate”.