Micro Loan Portfolio of UkrSibbank Tops $700 Mln
OREANDA-NEWS. In September, UkrSibbank's portfolio of small and medium-sized enterprises under the Micro-crediting Program reached the figure of USD700 mln with a year-to-date increase of $400 mln. Thus, the growth rate made up 133%, the bank's press-service reported.
Micro-crediting is a service of high-demand on the SME market, and micro loans with UkrSibbank constitute the highly competitive market offer. The amount of potential loan depends on what financial capacities and objectives a client has.
"Micro-loaning with UkrSibbank is a way of qualitative evaluation of possibility to finance entrepreneurs. Analyzing the core of the client's business by the Bank allows to set attractive lending terms. At present the bank's rates are from 11.2% in USD, 8.19% in CHF without any monthly fees. Furthermore, our terms and conditions bear a specific nature which comprises a quick decision-making, pint-size package of necessary documents and affordability so that as of today any entrepreneur with a half-year business-running experience may obtain a micro loan," emphasized Vladlen Dyedkov, head of SME Department of UkrSibbank.
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