OREANDA-NEWS. On November 03, 2008 With EBRD as an SME lending partner, Megabank reported 35 loan agreements as of 16.10.2008 with a total of USD 13 mln. and the loan portfolio is eq. USD 12.2 mln., reported the press-centre of Megabank.

It will be recalled that Megabank and EBRD signed September 27, 2007 a USD 20mln. loan agreement with 5-year maturity, USD 12.5 mln to be commited to SME finance and USD 7.5 mln. for microfinance purposes.

Loan terms:
Loan limit: from USD 250,000 to 750,000

Repayment period:

Up to 1 year (floating assets);

Up to 5 years (capital assets)

Interest rate: from 14% p.a. in USD

Eligible borrower must:

Be a private sector enterprise;

Have the staff of below 250 employees;

Have total trade of the eq. of USD 10 mln. p.a.;

Have satisfactory structure of equity and borrowed funds and sufficient cash flow to maintain the loan.

Loans can be issued in UAH and EUR.