OREANDA-NEWS.  February 2, 2012. Interest rates on products "Credit Package" and "Smart Overdraft" were reduced by 2% per annum

From February 1, 2012, business clients of Piraeus Bank in Ukraine can take the advantages of favorable price offers for credit products of the bank as long as the interest rate of funding in national currency was decreased by 2% per annum.

From now on small and medium enterprises are able to attract funding according to the programs "Credit Package" and "Smart Overdraft" at 20% per annum in hryvna. "Both proposals ultimately consider the specific needs of small and medium businesses for replenishing working capital" – Pavel Grusha, Piraeus Bank in Ukraine manager of SME division, said.

"Credit Package" is an optimal combination of convenient forms of financing: credit line and overdraft, and the customer is able to choose their correlation; funding is available of up to 80% of the property value for up to 12 months.

"Smart Overdraft" provides funding to cover short gaps between revenues on the current account and the need to make payments from account. Thus, the requirements for collateral are very flexible: Absence of monthly repayment obligations, overdraft granted in the amount of up to 60% of monthly net inflows on current account. In addition, all receipts on the current account will automatically reduce credit debt. Real estate, movable property and 100% of goods are accepted as collateral.