OREANDA-NEWS. On October 31, 2008 In partnership with German and Ukrainian Fund, Megabank reported as of October 16, 2008 127 loan agreements under PE and SME finance program. Under the program, the loan portfolio totals the equivalent of EUR 4 mln, reported the press-centre of Megabank.

It will be recalled that Megabank and GUF signed 11 February 2008 a loan agreement of EUR 1 mln. with a five-year maturity and of EUR 4 mln on April 22, 2008.

This program is tailored to sole proprietorships and SMEs needs, given that these entities:

Have their core business in manufacturing, agriculture, services or trade;

Have sustainable financial structure, managing directors and staff;

Comply with the effective standards in environmental protection, health protection and safety measures, including relevant Ukrainian statutory and regulatory requirements.

This financing is aimed at enhancing their ability to compete and extend their business operations. This program offers cost-effective loan terms:

from 13.5% APR in EUR.

Loan in national currency can be opted as well.

For mcirobusiness (below 20 full-time employees) and private entrepreneurs:

Loan limit is EUR 25,000;

For small business (below 250 full-time employees):

Loan limit is EUR 100,000;

For middle-sized business, if a German middle-sized partnership has a stake of at least 30% but no more than 70% of the business (below 500 full-time employees):

Loan limit is EUR 250,000.

Maturity:

Up to 3 years (floating assets);

Up to 5 years (capital assets).