OREANDA-NEWS. May 07, 2008. As was informed by the Bank’s press service with reference to the Financial Department.

Ukrsotsbank loan portfolio exceeded UAH 28,5 billion. Since the beginning of the year growth rate of Ukrsotsbank loan portfolio was 18%.

"During the first quarter of 2008, we actively credited both individuals and corporate clients - said Ukrsotsbank Chairman, Borys Tymonkin. – I want to share interesting, in my opinion, observations.

The situation this year was not a typical one: if usually in the first quarter the corporate sector "slept", in the January-March 2008 - first we have grown as to loans to legal entities by two billion hryvnas. Credit appetite in the market is very high, clients have many projects.

They have only felt all phases of dynamic growth and immediately faced the fact that if last year it was possible to go to foreign markets, issue the bonds and think about the IPO, today they do not have those options.

They have just to go to the bank and borrow money. And we never had such situation when we start active work with corporate clients already in January. After two weeks of holidays we started choose very actively the previously approved credit limits. For Ukraine this is unusual. And in February the bank began working on a full program.

There was no time to rest at each credit committee – we considered 30-40 issues. And this is without taking into account any special offers, advertising campaigns, dumping or other tricks - an objective situation on the market ".