OREANDA-NEWS. On September 16, 2008 “UkrSibbank” has rendered loans for UAH 30 mln. to SME clients within the framework of the cooperation program with the European Bank for Reconstruction and Development, reported the press-centre of UkrSibbank.

“Loans under EBRD cooperation program have a number of advantages for entrepreneurs to include, primarily, more favorable conditions of loan execution: interest rate under this type of loan is 1% lower comparing to a standard one, grace period of the principal amount equals 18 months. Moreover, credit history of the client will benefit from cooperation with EBRD, proving the European level of business running,” emphasized Vladlen Dyedkov, Head of SME Department of JSCIB “UkrSibbank”. “It’s worth mentioning that the one of the main prerequisites of loan rendering is compliance of the client’s business with environment requirements of EBRD”.

Financing under EBRD cooperation program includes purchase of fixed assets and replenishment of turnover capital as well as investment crediting for the period of up to 7 years in UAH, USD and EUR. Maximum amount of loan amounts up to 70% of the value of property.