OREANDA-NEWS. August 31, 2011. With due regard to the needs of small businesses in funding required for their continuous growth, Universal Bank lowered interest rates on the most popular credit products.

Commencing July 2011, working capital loans and credit lines, as well as loans for commercial property purchases for legal entities are now available at attractive annual interest rated from 16.9% and for private entrepreneurs – from 17.9%.

Interest rates on the loans for business vehicle and equipment purchases for legal entities are available from 16.9% and for private entrepreneurs - from 18.4%.

Loans are available both under fixed and floating interest rates* enabling small business clients to choose the most attractive loan terms. In addition to lowering rates, Universal Bank also offers its clients the opportunity to refinance outstanding loans with no upfront fees.

“Support of small businesses is one of our key priorities. We are pleased that the stable position of Universal Bank enables us to lower interest rates and offer more attractive loans to our customers”, said Mikhail Bogomazov, Head of Universal Bank SMB Department.

* A floating interest rate is comprised of two parts: part one is the base rate which is revised up to 4 times per year, and part two is the margin. The base rate is equal to the value “of an interest rate on deposits drawn on individual bank accounts during the reporting period by currency and maturity date (annual average weighted percentage rates, in percents per annum)”, up to one decimal place, in national currency of Ukraine with a maturity up to 1 (one) year. The value is officially announced by the National Bank of Ukraine (“NBU”) and posted on its official web site (http://www.bank.gov.ua/Statist/elbul.htm, Financial markets, pp. 4.1.2.11, column 9), as well as published in the NBU’s official documents, in the “Newsletter of the National Bank of Ukraine” in particular.