Сooperation with small and medium businesses is one of UKRSIBBANK BNP Paribas Group priorities. In many developed countries, this area has proven to be a powerful driver of economic growth, as it accounts for 60% of increased value added, according to the Organization for Economic Cooperation and Development.

In the context of the COVID pandemic UKRSIBBANK particularly supports the development of small and medium enterprises, as well as credits their upscaling. The analysis of customer needs in October 2021 resulted in a new loan offer Shvydko. The main advantages of this product are a simplified analysis of the borrower’s business activities and quick decision making. This approach found a response among the bank’s clients and allowed to issue more than 270 loans worth about UAH 595 million in just two months of 2021.

Shvydko programs offer loans in the national currency in the amount of up to UAH 10 million for up to 24 months at an interest rate of 12.9%. The decision on the loan is made within two days.

Today we serve more than 160 thousand clients of medium and small businesses. We value their trust and support their intention to develop and upscale own businesses. During the last 11 months of 2021 alone, we issued more than 4,000 loans worth more than UAH 3,000 million. Every year we invest in the development of new products and streamlined credit procedures so that our clients can more easily and quickly receive the necessary financing to develop their business activities, Konstantin Lezhnin, Deputy Chairman of the Board for Retail UKRSIBBANK said.

We would like to remind that SME clients of the bank can also benefit from the Lehkyi Overdraft loan. It is available for up to UAH 2 million from 9.9% per annum for up to 12 months. The decision on the loan is approved within two days.

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