OREANDA-NEWS. March 01, 2011. Finance and Credit Bank received a permission from the National Bank of Ukraine to include the funds in the amount of USD 20 million attracted from "Bloomshine limited" company (Great Britain) in the Bank's capital in the form of subordinated debt.

The funds are attracted under the programme for increasing the Bank's capitalization level for the term of 7 years.

According to Chairman of the Finance and Credit Bank Board Vladimir Khlyvnyuk: "The growth of regulatory capital that is combined with the increase in clients' funds allows the Bank to continue to grant loans to its clients. In particular, the Bank intends to considerably strengthen its presence in the retail loans segment. For this purpose the existing product range has been reengineered for the Bank to come up with really competitive crediting facilities that are in great demand among customers at the present time".

The previous increase in the Bank's regulatory capital amounting to USD 25 million was seen in the end of July, 2010, on account of attracting funds in the form of subordinated debt.