OREANDA-NEWS.  In the year of 2012 Finance and Credit Bank's effort revolved around implementation of new deposit and credit products, development of alternative sales channels and self-service facilities.

The Bank's Profit and Loss result was over UAH 3.1 million in 2012. The Bank's 2012 operating profit amounted to UAH 750.8 million.

As of 01.01.2013 the net assets of Finance and Credit Bank estimated at UAH 22.5 billion exceeded the 2011 total results by UAH 542 million.

On November 20, 2012, Finance and Credit Bank held an extraordinary shareholder meeting where it was resolved to increase the authorised capital of by UAH 200 million. The authorised capital of the Bank made up UAH 2.1 billion as of 01.01.2013.

As of 01.01.2013 the Bank accumulated UAH 1.7 billion of reserve funds to cover risks associated with all types of active operations, which is by UAH 29 million more as compared to the same figure recorded as of 01.01.2012.

As of 01.01.2013 the Bank's loan portfolio stepped over the threshold of UAH 20.1 billion which include the corporate loan portfolio of UAH 16.5 billion and the small business portfolio of UAH 433 million as estimated as of 01.01.2013.

The volume of funds on corporate current and deposit accounts made up UAH 3.4 billion as of 01.01.2013.

The Bank services over 163 thousand time deposit accounts of individual customers and over 261 thousand current accounts. The volume of funds held on retail time deposit and current accounts grew by nearly UAH 1.3 billion in 2012 to reach UAH 8.7 billion as estimated as of 01.01.2013, UAH 7.9 billion of which are retail time deposits.

The Bank is actively developing and enhancing the functionality of customer distance service system. The "Internet Bank" system users outnumbered 24.4 thousand as of 01.01.2013. The year of 2012 witnessed the installation of the first self service terminal in the Bank's branches.

As of 01.01.2013 there are over 576 thousand VISA and MasterCard payment cards serviced by Finance and Credit Bank.

The card business network consists of 5,190 points-of-sale, 459 ATMs and 597 payout locations. In 2012 the Bank implemented over 720 payroll projects. On the whole, the Bank services 6,945 projects.

In 2012, the turnover of  the AVERS international money transfer system increased by 10% as compared to the same figure of the last year (UAH 3.4 billion in 2011) and stopped at UAH 3.7 billion. The number of money transfers through the AVERS system grew by 28% and totalled 577 thousand transactions in 2012. The system cooperates with 72 partner banks and 5 foreign partner systems, comprising over 2.5 thousand agent locations in Ukraine and over 100 thousand agent locations abroad.

Being in the driving seat in importing cash currency, Finance and Credit Bank imported in the ballpark of USD 1.6 billion and €11.5 million. Following the results of 2012, the export of US dollars stopped at nearly 3.1 million, the export of euro –  51.1 million. Apart from that, the Bank sold over 805 kg of precious metals.

During 2012 Finance and Credit Bank sold 47 thousand commemorative coins of Ukraine, over 1 thousand bullion coins and 7.4 thousand foreign coins.

As of 01.01.2013 the network of Finance and Credit Bank consists of 15 bank branches and 303 off-balance outlets in all regions of Ukraine. The Bank offers full service banking to both retail and corporate customers. In 2012 the Bank initiated the process of merging the balance sheets of its branches with the balance sheet of the Head Office Bank, and the single remote operations center got underway. As of 01.01.2013 the Bank employs 4,250 people.