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The Bank of Rinat Akhmetov joined the program "Affordable loans 5-7-9%"

Ukraine / Business and Finance
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First Ukrainian international Bank will issue a inexpensive, according to Ukrainian standards, loans to small and medium-sized businesses.

The Bank of Rinat Akhmetov joined the program "Affordable loans 5-7-9%"

First Ukrainian international Bank (FUIB) has signed a cooperation agreement with entrepreneurship development Fund and joined the state program of support of micro, small entrepreneurship in Ukraine "Available credit 5-7-9%".

Now businesses are micro and small businesses that meet the criteria of the program may obtain PUMB available investment loans on preferential terms to create or expand their own business. The program provides financial support through the cheapening of credits through the state compensation of interest rates to the level of 5%, 7% and 9% per annum on loans in national currency.

Under the terms of the program "Affordable loans 5-7-9%" interest rate for the customer depends on the amount of annual income (revenue) from business activities and the number of jobs created:

  • 5% per annum if the annual revenue is 25 million UAH in the first quarter from the moment of the loan the entrepreneur creates at least 2 new jobs (until a client pays 7% per annum)
    • 7% per annum for businesses with revenues up to 25 million;
      • 9% per annum for businesses with revenues ranging from 25 to 50 million.

      this for each new job rate will decline by 0.5% per annum in each following quarter (but cannot be lower than 5%).

      "Small business has always been one of the main priorities of the Bank: we actively lend to this segment, investing in the creation and improvement of new products and services. The accession of FUIB to the state program of support for micro and small businesses "Available credit 5-7-9%" will help us as a Bank to provide competitive financing and to actively contribute to the development of Ukrainian business", – said the Deputy Chairman of the Board for the corporate business of FUIB Sergey Magdych.

      Bank FUIB is a part of SCM, international brand, represented in 7 countries of Europe and North America. Company and companies related to SCM, working in the mining, energy, banking, telecommunications, media, transport, agriculture, insurance and other fields.

      FUIB was founded in 1991. The owner of a substantial part of the Bank is Rinat Akhmetov (indirect participation 100%). According to the national Bank of Ukraine, as of 1 January 2020 by total assets of FUIB occupied 7-e a place (63,16 billion UAH) among 75 operating in the country banks.

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