OREANDA-NEWS. November 21, 2007. Sergiy Naumov, Deputy Chairman of the Management Board of JSCIB “UkrSibbank”, reported the press-centre of “UkrSibbank”:

As per October results, the banks’ loans to the economy increased by nearly 4% and amounted to UAH 381,3bn.

The lion’s share of loans is held by the top ten banks. JSCIB “UkrSibbank” is among the top three leaders in this sector. Nowadays, one of the most popular lending services is trade finance. The bank’s loan portfolio in this sphere has exceeded USD 245mln.

Trade finance portfolio consists mainly of guarantees and letters of credit amounting to USD 220mln up to date. Within the current year the number of the bank’s clients, which obtained trade finance loans, has doubled, documentary transactions - half as much again. Clientele growth is not of accidental case. “UkrSibbank” has the opportunity to service foreign economic deals both from the exporter and importer part.

Besides, if required to get confirmation of our letters of credit or to reissue the guarantees, the Bank is capable to perform it within the BNP Paribas Group framework. Confirmation of letters of credit within the BNP Paribas structure is much cheaper in price. At present, as a part of the world group, “UkrSibbank” delivers services in 90 countries.