OREANDA-NEWS. September 05, 2008. Since September 2008 “UkrSibbank” in consort with “Ukrainian Leasing Company” has been offering financial leasing to its SME clients, reported the press-centre of UkrSibbank.

“Opting for financial leasing, our clients make choice of financing method that is alternative to lending and has additional advantages: the leasing company takes charge of insurance and registration of equipment, the payment schedule is adapted to client’s business, the decision is taken in short term with a minimal set of documents that doesn’t require notarization etc”, - emphasized Vladlen Dyedkov, Head of SME Department of JSCIB “UkrSibbank”. - Currently joint sales of the product have been launched in the Bank’s outlets in Kyiv, Odessa and Zhytomyr, but I believe in commercial success of leasing, therefore we plan to launch it in other regions, too”.

Financial leasing for SME clients is offered under the following conditions:

Down payment – from 10% of the project cost;

Period – 1-7 years;

Set of documents required – 4 financial documents;

Repayment schedule: fixed, seasonal, descending;

Currency of finance – USD;

Decision-making period – up to 5 business days;

Main leasing objects – agricultural and construction equipment, transport and loading appliance.