OREANDA-NEWS. On July 01, 2008 "Megabank" summarized interim results of cooperation on programmes for small and medium-sized business lending by GUF, reported the press-centre of Megabank.

On lending to natural persons-enterprisers, micro-enterprises and small and medium-sized enterprises within the bounds of the German-Ukrainian Fund, as on 23.06.2008 eighty-four credit agreements were concluded. The credit portfolio on the programme amounted EUR 2,3 million in equivalent.

We remind that on the 11-th of February 2008 within the bounds of cooperation between "Megabank" and GUF there was a loan agreement concluded for 5 years in the amount of EUR 1 million and on the 22-nd of April 2008 in the amount of EUR 4 million.

The lending programme presupposes crediting individuals – enterprisers and small and medium-sized enterprises, which:

Perform their activities in the production sphere, agriculture, services or trade;

Have a stable financial structure, management, staff personnel;

Comply with approved standards as for environmental protection, health occupational health and safety (or do not contradict them), including laws and normative-legal acts of Ukraine as regards the environmental protection.

Lending on the above programme presupposes profitable and attractive conditions to strengthen competitiveness and development of the borrower’s business:

Interest rate on programme is from 12,5% per annum in EUR.

Loans can be granted by enterprises also in UAH.

For micro-enterprises (not more than 20 permanent employees) and natural persons – enterprisers:

Loan amount up to EUR 25 000.00;

For small-sized enterprises (not more than 250 permanent employees):

Loan amount up to EUR 100 000.00;

For medium-sized enterprises with participation of the German medium-sized enterprise-partner, whose share in the statutory fund of the enterprise is no less than 30% and no more than 70% (not more than 500 permanent employees):

Loan amount up to EUR 250 000.00.

Loan maturity:

Up to 1 year for replenishment of working capital;

Up to 3 years for purchase of fixed assets.