OREANDA-NEWS. December 22, 2010.  Finance and Credit Bank has started cooperation with the international money transfer and payment system CONTACT (JSCB RUSSLAVBANK, Russia).

According to Vice Chairman of the Finance and Credit Bank Board Igor Lvov: "This will both enable the Bank to pay out money transfers via the CONTACT system from any of the system operation points that operate in over 100 countries worldwide in 54,000 service outlets, and significantly extend the existing range of services provided. The CONTACT system will simplify the procedure of private remittances in Russia, the CIS countries and non-CIS area at rather loyal low tariffs, the minimum commission fee for a transfer will make up 2%".

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Finance and Credit Bank was founded in 1990. It is recognised as one of the largest banks by the volume of its assets according to the NBU classification. As of December 1, 2010, the authorised fund of the Bank amounts to UAH 2 billion. The Bank is a direct agent of Western Union, MoneyGram, Аnelik money transfer systems, and an agent of BLIZKO system and Xpress Money.

CONTACT, the international money transfer and payment system, has been operating in the market since 1999. Its founder and clearing center is CJSCB RUSSLAVBANK. At present CONTACT unites over 700 financial institutions. The System has an extensive network consisting of over 54,000 service points in more than 100 countries throughout the world.