OREANDA-NEWS. October 20, 2008. In the third quarter of 2008, KPMG International Audit Company confirmed the 1H 2008 financial statements of OJSC Bank 'Finance and Credit', compiled in accordance with the International standards for financial statements.

Moody's Investors Service upgraded the Bank's global long-term local currency deposit and foreign currency debt ratings from B2 to B1 and the Bank's National Scale Rating – from A1.ua to Aa3.ua. Ratings have Stable Outlook.

Moody's specifies that such activities reflect Bank ability to strengthen its strong market position as one of the 15 major banks in Ukraine, its diversification by means of retail, which occupies one third of Bank crediting, broadening of territory presence and proved maintenance of shareholders to Bank growth.

As of 01.10.2008, net assets of Bank 'Finance and Credit' made up UAH 16.632 billion; the financial result following the results of three quarters of 2008 made up UAH 149.92 million.

In the third quarter of 2008, the Bank increased its capital for more than UAH 723 million, and it made up UAH 2 billion.

As of 01.10.2008, regulatory capital of the Bank made up UAH 2.418 billion. Following the results of three quarters of 2008 credit portfolio of the Bank increased by UAH 2.2 billion and made up 13.605 billion which is 48.5 % more than similar indicator of the previous year. The volume of accumulated reserves to cover credit risks made up UAH 465.71 million. The liabilities of Bank 'Finance and Credit' have increased since the beginning of the year by UAH 1.3 billion and has made up 10.594 billion.

As of 01.10.2008, the Bank serves over 45 thousand legal entities. The volume of deposits of legal entities made up UAH 4.446 billion. The volume of the loans of legal entities made up UAH 8.725 billion.

As of 01.10.2008, Bank 'Finance and Credit' has opened over 160 thousand retail deposit accounts. The volume of retail term account funds has made up UAH 5.779 billion. Moreover, the Bank serves over 246 thousand retail current accounts. As of 01.10.2008, deposit and retail current account of the Bank made up UAH 6.148 billion.

Bank's specialists constantly work on the development of customer-oriented deposit programs. In the third quarter, on August 10, 2008, the Bank finished its Silver Rain promotion campaign, following the results of which the Bank drawn 706 silver bars. Since August 19 until November 19, 2008, the Bank holds new deposit program called Deposits of the Highest Order, under which the customers of the Bank have a chance not only to receive a bonus to the deposit rate but also participate in the drawing of one of 999 silver and golden bars of the highest order weighing from 1 to 100 grams.

Bank 'Finance and Credit' actively develops consumer crediting, thus, consumer credit portfolio as of 01.10.2008 made up UAH 4.880 billion.

The Bank actively cooperates with small business segment providing all kinds of bank services and this cooperation is one of the priorities of the Bank. The credit portfolio under the program for small business as of 01.10.2008 made up UAH 628.86 million. As of 01.10.2008, the quantity of valid contracts on credit products of clients of small business segment exceeded 10 thousand.

In the third quarter of 2008, The Bank 'Finance and Credit' has headed the card products rating of ProstoBank Consulting Company due to the new Double Two credit card program launched in June 2008.

As of 01.10.2008, Bank 'Finance and Credit' issued nearly 852 thousand payment cards of VISA and MasterCard international payment systems.

The Bank's infrastructure of card business includes 4,118 points of sale and 543 cash outlets. In July 2008, Rodovid Bank joined the Bank's project of joint ATM network. The network of Bank 'Finance and Credit', Ukrsibbank, Ukrsotsbank, Pravex-Bank and Rodovid Bank includes 3,467 ATMs.
In July 2008, the Bank jointly with VISA Inc. international payment system and Ukr-Petrol filling station network summed up Turn Petrol into Gold promotion campaign. The total prize fund made up over 1000 liters of petrol and approximately 50 grams of gold.
AVERS international money transfer system occupies the leading position in the money transfer market of Ukraine. As of 01.04.2008, the Bank concluded 5 cooperation agreements with the international payment systems and 39 contracts with bank-partners. As of 01.04.2008, the system includes 935 service points on the territory of Ukraine, and over 90 thousand of payments reception/sending outlets in 81 countries of the world. Following the results of three quarters, the turnover made up UAH 755 million.
Being one of the major importers of the foreign currency Bank 'Finance and Credit' during 9 months of 2008 imported US 1.142 billion, EUR 128 million and sold 614.5 kilos of bank metals.

In 2008 Bank 'Finance and Credit' continues to advance the chosen strategy of network development, focused on modernization of existing branches and improvement of service quality. As of 01.10.2008, the Bank's system includes 16 branch offices and 392 outlets all over Ukraine.