OREANDA-NEWS. July 28, 2009. In tough economic conditions Bank Finance and Credit follows its clear strategy and offers relevant banking products to its customers. 

According to the results of 1H2009 net assets of the Bank Finance and Credit made up UAH 17.590 billion.

Financial result of the Bank since the beginning of the year equaled to UAH -187 million.

Authorized capital of the Bank made up UAH 2 billion as of 01.07.2009, regulatory capital amounted to UAH 2.094 billion.

In June 2009 Bank Finance and Credit engaged Morgan Stanley to act as a financial advisor in relation to the external debt restructuring, which includes participation of Morgan Stanley in negotiations with the lenders.

As of 01.07.2009 loan portfolio of the Bank amounted to UAH 15.495 billion, the Bank`s liabilities made up UAH 15.301 billion. As of 01.07.2009 volume of attracted funds made up UAH 6.473 billion.

As of 01.07.2009 the Bank provides services for about 45 thousand corporate customers. As of 01.07.2009 corporate deposits of the Bank Finance and Credit amounted to UAH 1.998 billion. The Bank`s loans for corporate customers made up UAH 10.357 billion.

As of 01.07.2009 the Bank Finance and Credit has about 116 thousand retail term deposit accounts as well as about 215 thousand retail current accounts. Since the beginning of the year the Bank has opened over 40 thousand term deposit accounts for retail customers. As of 01.07.2009 a short-term deposit Magnificent Seven with its growing interest rate launched in May 2009 attracted 3,000 new customers to the Bank and a net gain  of UAH 0.143 billion. As of 01.07.2009 funds on the retail customers` deposit and current accounts made up over UAH 4.361 billion, including funds on retail term deposit accounts of UAH 4.015 billion.

SME Loan Portfolio as of 01.07.2009 made up UAH 652.9 million. As of 01.07.2009 number of existing loan agreements with SME business clients amounted to over 8,800.

In April 2009 Bank Finance and Credit together with the German-Ukrainian Fund provided a loan for the amount of UAH 1.160 million under the joint program for SME clients support. Totally, during the program the Bank provided loans for the total amount of over UAH 1.4 million for SME customers.

As of 01.07.2009 Bank Finance and Credit issued over 702,000 payment cards of VISA and MasterCard. In 2Q2009 the Bank concluded its anniversary 4,000th salary agreement – project with Vinnytsa Region Philharmonic Society, as of 01.07.2009 Bank Finance and Credit implemented 4,069 salary projects. Totally, since the beginning of the year Bank Finance and Credit attracted for the maintenance 529 salary projects with the total salary fund of about UAH 24 million. Among large companies that entrusted their funds to the Bank for salary payments to their employees in 1H2009 are such companies as CJSC Krivorozhindustrstroy, OJSC Pharmastor, and Housing and Utilities Company No. 45 (Kryvyy Rig). Totally, within the framework of the Bank`s salary projects, the Bank issued over 478 thousand cards as of 01.07.2009.

Since the beginning of 2009 Bank Finance and Credit, being one of the largest importers of foreign currency imported USD 157.2 million and EUR 68.1 million into Ukraine, and sold 344 kilo banking metals.

In 1H2009 the Bank implemented a program of optimization of its existing branch network with the purpose of improving quality of services. As of 01.07.2009 system of the Bank fInance and Credit includes 16 branches and 305 outlets all over Ukraine.