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Ukrsotsbank offers new lending program for SME clients – ‘Auto For Taxi’

01.06.2011

Ukrsotsbank cares about establishing the mutually beneficial relations with its clients. In order to implement the development plans of its customers PJSC Ukrsotsbank offered the favorable program of lending vehicles for taxi use, taking into account the needs of clients’ enterprises and the specifics of their activities.

Dmitry Pypskyy, Head of SME Division: “All of us are looking forward to Euro-2012. One of the priority areas in the preparations for championship holding is to ensure proper level of cities’ infrastructure. That includes the proper quality of taxi services provided. That is why we have developed special proposal - credit for purchasing the cars for taxi use. New credit terms are aimed at granting the possibility of updating taxi companies, that in its turn will increase the current service level ".

Terms of lending:

Lending period - up to 36 months

The amount of credit - up to 70% of the value of vehicle

Baloon payment - 1%

Interest rate - 18%

Car segment - a new cars and minibuses

Loan repayment schedule: monthly (for the first year of use credit will account to 20% of the credit amount).

Individual clients, who are entrepreneurs and for whom the source of loan repayment is income from transportation of passengers, at the time of application for the loan are to have (owned or leased) at least 1 vehicle that generates income as a taxi. To confirm this fact, the customer must provide supporting documentation of ownership of the vehicle or a rental agreement, as well as supporting documents for cooperation with the taxi services (the information on the number of calls and amount of income received monthly for the last 6 months).

NOTE

Ukrsotsbank is one of the largest universal banks of Ukraine, operating in the local market since 1990. The bank offers full range of services to individuals and corporate clients.

The renovated Ukrsotsbank emerged on 31 October 2016 as a result of strategic deal whereby 99.9% of Ukrsotsbank shares have been transferred from UniCredit Group to ABH Holdings S.A. (АВНН) in exchange for a minority 9.9% stake in ABHH. Thus, the bank has combined 26-year-old traditions of Ukrsotsbank’s client-centric attitude, European quality of service inherent to UniCredit, as well as international banking expertise of ABHH in a number of European countries including CIS. Thanks to the successful synthesis and synergy of the two assets of ABHH in Ukraine, Ukrsotsbank and Alfa-Bank, the banking market of Ukraine will see the rise of a new stronger financial institution. This, in turn, will spur up technological advance, increase efficiency, improve quality of service for the clients, reduce cost of banking services whereas their range will inevitably expand.

The extensive retail network of Ukrsotsbank consists of 237 branches, its headcount reaching nearly 5 thousand employees.


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