OREANDA-NEWS. From 25 March 2009 retail customers of the Bank can purchase foreign currency for placing it to deposit accounts in USD at the exchange rate of the NBU as of the day of operation. Term of deposit makes up 3 months, interest rate amounts to 11% pa.

According to Lyudmila Radchenko, Deputy Head of Retail Products Sales, Bank Finance and Credit - "Main advantage of the deposit is a possibility to purchase currency at the very profitable exchange rate which significantly differs from commercial exchange rate. It will enable our customers to manage their funds with a maximum benefit and minimum losses".

Apart from that, the Bank Finance and Credit provides new opportunities for its SME and retail customers. From 25 March to 31 March 2009 the Bank enhances terms of a new promo action called "Hot Repayment". Under the new terms, customers who have loans in USD have an opportunity to repay their outstanding loans at the discounted exchange rate of 6.99 UAH/USD. If amount of early redemption exceeds USD 30,000 and at the same time the amount of debt repayment makes up 90% or more, selling rate of UAH 6.90 for USD 1 will be applied.
    
Loan debt repayment includes prescheduled repayment of credit, planned redemption of principal and interest, repayment of past-due debt.