Bank Finance and Credit to Launch Domestic Manufacturer Support
OREANDA-NEWS. February 16, 2009. In January 2009 Bank Finance and Credit approved a new Program of Domestic manufacturer Support with credit funds limit of UAH 600 million.
To stir up SME activity within the framework of the Program Bank Finance and Credit has laid out UAH 300 million for a customer program AvtoKrAZ on Credit.
According to the Deputy Chairman of the Board, Bank Finance and Credit, Oleg Shapkin - `Practically a half of the total program credit limit - UAH 300 million – is intended for those entities wanting to purchase any vehicle manufactured by AvtoKraZ.
The maximum credit term is 3 years, whereas an obligatory share of customer own funds is no less than 10% of the value of vehicle purchased.
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