OREANDA-NEWS. January 30, 2007. The total volume of bills operations, given by Ukrsotsbank in 2007 year, exceeded UAH 1 billion, including:

aval bills to the amount of UAH 821 million
discount bills (including REPO) to the amount of UAH 249 million.

JSCB Ukrsotsbank offers its clients wide range of bill programs and services which essentially ease in the settlements by bills payable and launch possibilities of refinancing.

Thus, “Deposit+100% in bills” JSCB Ukrsotsbank special offer provides the clients, who have deposit accounts in national and/ or foreign currency in Ukrsotsbank, with additional bill services possibilities not only to increase on the sum of deposit the circulating payment instruments for calculations with contractors but also get all deposit interests.

JSCB Ukrsotsbank offers its clients additional credit services—bill bonuses on "Credit+10% in bills" program. Turnover volume of the bill bonuses to be provided without additional collateral constitutes up to the 10% of the current credit limit. Such bonuses are given to the clients in the form of:

bank's bill guarantee (aval) on taxation bills for settlements with  taxation and customs authorities;

bank's bill guarantee (aval) on corporate bills for settlements with creditors and possibility of further discount of such bills.

discount of the debtors’ bills with the reverse (REPO) by the Bank. 

Not only JSCB Ukrsotsbank clients but also clients of other banks take advantage of cooperation with the bank. JSCB Ukrsotsbank without the additional providing discounts bills, guarantied by a resident bank and non-resident bank of Ukraine, within the limits established for performing the interbank transactions. Therefore the partner-banks of the interbank credit-program got opportunities of the maximum meeting the clients` and insiders in credit resources necessities, from the observance of norms of credit risk.

Ukrsotsbank reduces the credit services costs for the agricultural manufacturers. “Harvest—2008” bill program offers clients to use the bills guaranteed by the Bank for procurement of the material and technical resources (fuel-lubricant materials, agricultural machinery and equipment, spare parts, inoculums, fertilizers, means of plants protection etc.).  At that, the client’s expenditures reduce since the commission fee for the aval is lower than the interest rate under the credit even when considering the budgetary compensation established by the Cabinet of Ministers of Ukraine.