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BNP Paribas and UkrSibbank open the first Trade Center in Ukraine

Kiev/Paris – The first ever Trade Center was opened today in Kiev by Georges Chodron de Courcel, BNP Paribas' Chief Operating Officer, and Oleksandr Adarich, CEO of UkrSibbank, demonstrating the cooperation between BNP Paribas and UkrSibbank in the field of Trade Finance.

BNP Paribas was the first bank to create such a network of Trade Centers which now comprises more than 80 Trade Centers around the world, 175 professionals highly qualified in the field of international trade, and supports more than 15,000 international corporate clients. The Kiev Trade Center is now part of this global network, able to provide its clients with a wide range of products, local execution capabilities in 50 countries and the expertise in financing, risk management and all trade services that you would expect from a leading world-class bank.

The Kiev Trade Center offers a wide range of services fully in compliance with world quality standards: a tailor made approach for standard trade products such as letters of credit, documentary collections, international bank guarantees, as well as innovative solutions in all areas of trade financing.

The processing platforms around the world are ISO 9001 certified in the main developed and emerging countries. In recognition of BNP Paribas' excellence in this field, it was awarded “Best Trade Finance Bank in the World” by Global Finance in 2006.

Commenting on today's events, Georges Chodron de Courcel said: “I am confident that the expertise of BNP Paribas in the field of trade finance, and its powerful Trade Centers network, will allow UkrSibbank's clients and its prospects to develop their trade business”.

“The Trade Centers network and products, and our experts in the Kiev Trade Center, will give our Ukrainian corporate clients great opportunities, and a strong advantage in their trade business. We will help develop our clients' trade activities throughout the world”, said Oleksandr Adarich, CEO of UkrSibbank.

Notes to editors:

About BNP Paribas
BNP Paribas ( is a European leader in banking and financial services, and ranks among the world's top 15 banks by market capitalization and total assets. It has more than 140 000 employees, 110 000 of whom are based in Europe. The group occupies leading positions in three significant fields of activity: Corporate and Investment Banking, Asset Management & Services and Retail Banking. It is present in 85 countries and has a strong presence in all the key financial centres. Present throughout Europe, in all its business lines, France and Italy are its two domestic markets in retail banking. BNP Paribas enjoys a significant and growing presence in the United States and leading positions in Asia and in emerging markets.

About UkrSibbank
UkrSibbank is the 4th largest bank in Ukraine in terms of assets and a leading bank in retail, commercial lending as well as investment banking. It serves over 55,000 corporate clients and nearly 1.7 million individual accounts. UkrSibbank's network now comprises 914 branches and outlets and employs about 9 500 people. As at December 31st 2005, UkrSibbank had total assets of USD 2,108m, loans of USD 1,540m, deposits of USD 1,028m and shareholders funds of USD 200m.