OREANDA-NEWS. October 10, 2008. Bank 'Finance and Credit' has opened UAH 22.5m open-end multicurrency credit line for Kremenchuh MiS Ltd.

"MiS Ltd. has been the customer of our Bank already for two years and it is engaged in public welfare homes construction. Yesterday the Bank opened multicurrency credit line for MiS Ltd. for three years. The funds are aimed at the replenishment of operating assets and expansion of social housing quantity", said Leonid Pervak, Deputy Chairman of the Board, Bank 'Finance and Credit'. The collateralized property for this project is integral property complex and land.

According to Mr. Pervak, in spite of tightening of credit terms, which takes place in the Bank and is caused by unstable economic situation, "credit portfolio of the Bank's corporate customers has increased by UAH 33 million since the beginning of the month".