OREANDA-NEWS. October 17, 2011. Since October 2011, business customers of Piraeus Bank in Ukraine will be able to take advantage of new profitable offer - overdraft "Beneficial interest." Overdraft was developed with maximum regard for the needs of customers to finance current or unforeseen expenses. The rate depends on the term of continuity of overdraft use – the more often the full repayment of overdraft is made, the lower the interest rate is. An overdraft can be arranged for the term of up to 12 months with flexible interest rate starting from 14% per annum if the term of overdraft continuous use is 1-10 days, to 18% if the term of overdraft use is 46-364 days (with overdraft limit from UAH 1 mln).

"Piraeus Bank pays great attention to cooperation with small and medium business, constantly expanding the range of its services and improving its offerings. The new overdraft "Beneficial interest" is the most optimal solution for business customers who need financing to cover short term gaps in time between the expected crediting of the current account and the need to make payments from current account - said Pavlo Grusha, Piraeus Bank in Ukraine manager of small and medium enterprises. - Among the advantages of credit offering are flexible interest rate, which depends on the frequency of full repayment of the overdraft and the possibility of its execution under collateral of goods for sale."