OREANDA-NEWS. July 17, 2008.  In 1H 2008 Bank Finance and Credit showed a significant growth of all the main financial indicators. Financial result of the Bank in 1H 2008 made up UAH 98.4 million. Net assets of the Bank Finance and Credit increased by over UAH 1.1 billion since the beginning of the year and as of 01.07.2008 amounted to UAH 15.76 billion.

Loan portfolio of the Bank has grown by more than UAH 1 billion since the beginning of the year and as of 01.07.2008 made up UAH 12.37 billion, which is by nearly 60% higher than the same indicator as of 01.07.2007.

Charter capital as of 01.07.2008 amounted to UAH 1.277 billion, regulatory capital – UAH 1.85 billion. Liabilities of the Bank have grown since the beginning of the year in nearly 1.2 times and made up UAH 13.93 billion, which is by 20% higher than the same indicator as of 01.07.2007.

There were provisions formed to cover risks relating to all the types of credit operations in the amount of UAH 445.7 million.

As of 01.07.2008 Bank Finance and Credit serves over 50 thousand accounts of corporate customers, volume of funds of corporate customers – UAH 3.87 billion, in particular, funds on term deposit accounts amount to over UAH 3 billion. Volume of loans granted by the bank to corporate customers made up UAH 7.816 billion as of 01.07.2008.

The Bank serves over 157 thousand term deposit accounts of retail customers, as well as 228 thousand current accounts. As of 01.07.2008 volume of funds obtained by the Bank Finance and Credit from retail customers made up UAH 5.8 billion.

The Bank constantly develops special deposit programs focused on customer needs. In 2Q 2008 the bank Finance and Credit launched a deposit promo action Silver Rain, which ends up on 10 August 2008 with a drawing of 706 silver bullions. 

Bank Finance and Credit works actively with SME business on all the types of banking services. This sphere of business is one of the bank`s main priorities. SME loan portfolio as of 01.07.2008 amounted to UAH 558.9 million, number of existing loan agreements in this segment makes up about 8 thousand.

The Bank is actively developing consumer lending, consumer loan portfolio as of 01.07.2008 amounted to UAH 4.559 billion.

Bank Finance and Credit has issued over 764 thousand payment cards of international payment systems VISA and MasterCard. Infrastructure of the Bank card business includes 539 cash issuing points, 431 own ATMs, apart from that, holders of cards issued by the Bank may benefit from over 3,000 ATMs of the joint ATM-network of the bank Finance and Credit and such banks as  `Praveksbank`, `Ukrsibbank` and `Ukrsotsbank`.

In 2008 Bank Finance and Credit issued a new card-product of premium class – VISA Platinum – in order to provide individual approach in its work with VIP-clients. In 1H 2008 the Bank participated in all the promo projects of international payment systems VISA and MasterCard for holders of cards issued by the Bank Finance and Credit, - `Olympic Movement`, `Olympic Fantasies VISA`, `Champion Card` etc. In result of the last promo action – `Champion Card` - the winner Elena Zaplavska won the main prize – a trip to the Euro Football Championship.

Bank Finance and Credit co-operates with 35 partner-banks in the framework of its own money transfer system AVERS. On 5-6 June 2008 the first annual international conference Markets of Money Transfers, Cash Currency and Banking Metals took part in Kiev in Radisson SAS hotel.

Being one of the largest importers of foreign currency Bank Finance and Credit has imported to Ukraine USD 587 million and EUR 108.5 million since the beginning of 2008, and sold 466.8 kilo banking metals.

In 2008 the Bank continues to follow the chosen branch network development strategy focused on upgrade of existing branches and outlets and improvement of quality of customer service. As of 01.07.2008 system of the Bank Finance and Credit consists of 16 branches and 389 outlets all over Ukraine, which is by 87 outlets more compared to the same period last year. Since the beginning of 2008 the bank Finance and Credit has opened 23 new outlets.