OREANDA-NEWS. February 01, 2013. Interest rates on lending products for financing the working capital for small and medium enterprises were reduced

From January 31, 2013, 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 rates of funding in national currency were decreased.

From now on small and medium enterprises are able to attract funding according to the programs "Credit Package" and overdraft "Beneficial Interest" with flexible interest rate from 20% per annum in hryvna. "Both proposals ultimately consider the specific needs of small and medium businesses for replenishing working capital. Moreover, overdraft “Beneficial interest” has flexible interest rate that is established depending on the continuous term of use of the overdraft/ The interest rate for overdraft use is lover, when full debt repayment is more often" – 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 70% of the property value for up to 12 months.

Overdraft "Beneficial Interest" is the ultimate choice for those business clients who need financing to cover short gaps between revenues on the current account and the need to make payments from account. Besides the flexible interest rate and quarterly increasing of overdraft limit in case of net inflow on current account growing that are the main advantages of the credit offer, business clients can arrange an overdraft with 100% of goods as collateral thus saving money for notary certification of collateral.