OREANDA-NEWS. On November 04, 2008 With a government-owned bank KfW as the SME lending partner, Megabank reported on 22 loan agreements, which make a total of the equivalent of USD 4.3 mln. The loan portfolio equals the equivalent of USD 4.05 mln., reported the press-centre of Megabank.

It will be recalled that Megabank and KfW signed May, 2008 a loan agreement of USD 10 mln. with maturity of 5 years. KfW commited the first tranche of USD 5 mln. on August, 2008.

Loan terms:
Loan limit is USD 25,000 to 500,000.*

Interest rates:

from 20.5% p.a. in national currency;

from 14% p.a. in foreign currency.

Eligible borrowers are:

100% private proprietorship;

With personnel of as small as 250 employees;

With core business operations in manufacturing, agriculture, services or trade;

Diligent followers of the effective environmental policy and standards.

* – it can be financed in national currency.