OREANDA-NEWS. May 16, 2008. On the 24-th of April 2008 at the premises of PLC "Megabank" there was a meeting between Andrey Bucar, the Senior Vice-President of LHB Internationale Handesbank A.G. (LHB Bank) and Olena Zhukova, the Chairman of the Management Board of PLC "Megabank", reported the press-centre of Megabank.

During the meeting matters of cooperation establishment between PLC "Megabank" and LHB Internationale Handesbank A.G. were discussed. The result of such meeting was an arrangement of parties as to PLC ‘Megabank’s opening correspondent accounts "nostro" in LHB Bank in basic currencies – USD and EUR.

As Olena Zhukova, the Chairman of the Management Board of PLC "Megabank" informed: "We are interested in cooperation with LHB Internationale Handesbank A.G. in the trend of documentary operations development, namely in LHB Bank’s provision guarantees for clients of "Megabank", confirmation of letters of credits and realization of post-financing".

Reference: LHB Internationale Handesbank A.G. (LHB Bank) is a medium size bank, its headquarters being situated in Frankfurt-am-Main, Germany. The bank is generally specializing in banking service for financial institutions and corporate clients of East European countries. Among the correspondent banks, possessing the "loro" accounts in LHB Bank there are many banks of such countries as Albania, Bulgaria, Bosnia and Herzegovina, Croatia, Macedonia, Montenegro, Serbia, Slovenia, Kosovo, Russia and Ukraine (Kredit-Dniepro, Bank Novyi (Dniepropetrovsk), Aktiv-Bank (Kyiv).

LHB Bank is founded in 1973, as of in March 2008 91,06% of the bank shares were owned by Nova Ljubljanska Banka, Slovenia. As of 14.09.2007 the international rating agency "Fitch Ratings" confirmed the long-term credit rating "BBB-", which corresponds the levelщо відповідає рівню "investment class". As of 01.01.2007 assets of LHB Bank constituted EUR 1.149,1 million, the basic capital was EUR 69,1 million, the quantity of employees amounted 80.

Reference: PLC "Megabank" is the universal bank, providing the full spectrum of financial services to corporate and private clients. As of 01.05.2008 the regional network of "Megabank" consisted of 188 subdivisions including: 3 subsidiaries, 1 representative office and 184 branches in 22 regions of Ukraine.

The net wealth of the Bank amounts UAH 2 336 million, the own capital is UAH 318 million, the credit portfolio – UAH 1 729 million, the deposit portfolio for corporate clients – UAH 378 million, the deposit portfolio for individuals – UAH 786 million.