OREANDA-NEWS. April 28, 2008. "Megabank" came out as a sponsor of the exhibition "Banks. Insurance. Franchising", which was held in Kharkiv. During the exhibition "Megabank" presented its set of banking services for natural persons and corporate clients. As Olena Myhailivna Zhukova, the Chairman of the Management Board informed, reported the press-centre of Megabank:

"Megabank" regularly participates in the banking exhibitions. This year we have decided to become a sponsor of the exhibition, since we think that the development of the banking service influences positively the economics of Ukraine. Presently only one third of Ukrainians use bank services in full size. The aim of the exhibition is to inform population about all the services, rendered by the bank establishments.

Within the bounds of the exhibition "Megabank" conducted a seminar on the topic: "Microcrediting of small business". As the Head of the Department of Micro-Crediting, Oleg Vasylyovych Gaber reported:

"Presently the main credit products offered by the Bank are "Express-credit" (up to USD 10 000, without a pledge) and "Microcredit" (long-term credits up to USD 250 000). The procedures of such credits stipulate the fastest analysis and decision-making on credit making. For instance, to estimate the possibility of "Express-credit" opening, the Bank needs average 24 hours since the moment when the necessary documents have been provided.

This term will be longer for "Microcredit", that is stipulated by the analysis of decent quantity of financial and legal documents. The significant difference of conditions of micro-crediting small business clients from other credit products lies in that the decision on credit making is taken on the basis of the estimation of client's business, the existence of a pledge is a matter of secondary importance.

Besides, the Bank does not practice nontransparent schemes of crediting, these products are devoid of the additional monthly charges and penalties for early repayment of the credit.

Within the frames of the Programme on the micro-crediting of European Bank for Reconstruction and Development we are planning to implement new products in April 2008: crediting for purchase of commercial real estate and commercial automobile vehicles".