OREANDA-NEWS. March 18, 2014. As per the Resolution № 104 approved by the Board of the National Bank of Ukraine "On Amendments to the Resolution of the Board of the National Bank of Ukraine № 49 dd. 06 February 2014", we give the following explanations about disbursement of foreign currency cash to individuals.

1. Pre-term redemption of private individuals’ deposits in foreign currency.
From 28 February 2014, PJSC "CREDIT AGRICOLE BANK" (hereinafter "the Bank") is redeeming foreign currency deposits of private individuals before the maturity in hryvnia only using the rate at which the Bank purchases foreign currency on the date of such conversion.

If you wish to receive your foreign currency deposit before the maturity and do not wish to convert foreign currency to hryvnia, then the deposit amount will be transferred to your current/card account in foreign currency, and cash from such account will be paid according to 2 hereof item.

We would like to remind you that pursuant to the terms of the bank deposit agreement you should notify the Bank about your decision to terminate the agreement before the maturity and receive your deposit in cash by giving the Bank at least a 2 days’ notice.

2. UAH 15,000 daily limit (in equivalent) on cash disbursements in foreign currency
From 28 February 2014 cash funds in foreign currency are disbursed at the Bank’s cash desks from the current, card and deposit accounts of retail customers within the limit of UAH 15,000 (fifteen thousand) in equivalent per customer per day at official exchange rate of the National Bank of Ukraine.

3. National Bank of Ukraine imposes these limits for the period till 28.03.2014.

4. Recommendations to customers whose foreign currency deposits become due.
If the foreign currency deposit becomes due, we offer to renew it automatically or to place funds under any other Bank deposit product for private individuals, including the on-demand "Savings" deposit. Otherwise the funds will be transferred to your current or card account according to the terms of the bank deposit agreement. Funds in foreign currency can be withdrawn from such accounts via the Bank’s cash office only as per the requirements of 2 hereof item.

About the Bank:
PJSC "CREDIT AGRICOLE BANK" is a modern universal bank owned by the leading financial group in Europe – Credit Agricole Group (France). The Group is the acknowledged leader in the market of financial services for private customers in France and one of the largest banks in Europe. CREDIT AGRICOLE has been operating in financial market of Ukraine since 1993 and renders a wide range of banking services for private clients and for business, paying special attention to cooperation with agricultural enterprises. The reliability and business reputation of CREDIT AGRICOLE in Ukraine is confirmed by the best possible FITCH ratings and also by 450 000 private and 30 000 corporate customers, including representatives of small and medium sized businesses, large Ukrainian companies and international corporations.