OREANDA-NEWS. June 9, 2008. BM Bank has launched cooperation with the UkrAUTO corporation — the leader in the Ukrainian market of car sale and production. The business cooperation envisages the BM Bank crediting people who choose to buy passenger cars from the car dealerships belonging to UkrAUTO.

Inna Matveyeva, Head of the Sales Administration Section of the Department of Retail Business: In due course we intend to achieve the status of a strategic partner of UkrAUTO. It is obvious that achieving this goal will not be easy but we have all reasons and pre-requisites to expect success. Among such are, first of all, the development of the Bank’s branch network. By the end of the year BM Bank will be able to boast of 58 representative offices all across Ukraine which will enable us to promptly provide "on-the-spot" services to our clients. Secondly, it is the stable resource base. Despite the complicated situation which the Ukrainian market has been going through these past few months, we are experiencing no resource shortages and continue to actively expand our credit portfolio. Thirdly, it is the attractive crediting terms that we offer.

We offer our borrowers car loans with or without the initial installment for a period of 7 "Iyears. Loan rates vary from 9,49% to 18% depending on the currency, periods and the terms of credit".

The UkrAUTO corporation remains among the leading companies in the Ukranian market of car sale and production. UkrAUTO sells passenger cars and lorries via an extensive network of official dealers and its own automobile dealerships which number over 400 in Ukraine. About a half of all the cars sold by UkrAUTO are purchased with the loan funds. More detail about the UkrAUTO corporation can be found at: www.ukrauto.ua