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Microcrediting
Microcrediting program for small and medium corporate businessesis one of the most popular. Launched in June 2005, the Program offers loans amounting from USD 100 to USD 100 thousand for periods of between
2 months and 5 years.
Under the microcrediting program, the Finance and Credit Bank granted 815 credits totaling 15.4 million hryvnyas during the six months.
9 Bank's branches were enlarged with 11 microcrediting units in 2005.
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Servicing IBRD's Credit Lines
Since February 2000 the Bank is authorized to service the credit line of the International Bank for Reconstruction and Development (IBRD). Small and medium enterprises may be granted from USD 15 thousand to
2 250 thousand from this credit line to fund long-term investment projects at soft annual interest rate of 8.5%
for 5 years.
The borrowers are granted loans at the interest rate determined on the basis of the price of resources at London Interbank Stock Exchange (LIBOR rate) plus the Bank margin.
In 2005, the Finance and Credit Bank provided the loans amounting to 1.702 million US dollars under the IBRD's credit line.
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