Ukrsotsbank Chairman Observes Increase in Cost of Credit Resources
OREANDA-NEWS. April 18, 2008. Such a view he expressed in an interview to the Ukrainian journalists.
Ukrsotsbank Chairman, Borys Tymonkin observes the increase in the cost of credit resources.
Borys Tymonkin: "We are actively increasing loan portfolio of individuals, as well as of legal entities. We note that business-appetites of clients are growing. But we must speak frankly that there is a serious lack of resources in the market.
In one way or another, credit conditions for clients will be tightening, since banks will restrain demand for loans. We were the latest who increased interest rates by 1%. Abolished the benefits for clients, for good and verified borrowers. I predict that in the foreseeable future we will observe another stage of resources rising prise".
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