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Megabank announces interim results of collaboration with KfW in terms of SME finance
04/11/2008
With a government-owned bank KfW as the SME lending partner, Megabank reports on 16.10.2008 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.
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.*
- Ñòðîê êðåäèòóâàííÿ – äî 5 ðîê³â.
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.
