OREANDA-NEWS. April 22, 2010. "Successful start is a keystone of success" – it is the characteristic of the beginning of 2010 for the Bank Finance and Credit. In 1Q2010 the Bank declared confident and stable work, positive dynamics and progressive development.

Drive for result and effective command work had effect: Bank Finance and Credit net assets from the beginning of year has grown almost by UAH 990 million and as of 01.04.2010 made up UAH 20, 455 billion, the Bank authorised capital made UAH 2 billion. The operational profit of the Bank following the results of 1Q made up UAH 194, 13 million.

Financial result as of 01.04.2010 of the Bank – minus UAH 22, 877 million.
The reserves for risks by all active operations – UAH 1, 318 billion.
 
In the framework of the program of capitalisation approved in 2009, in 1Q2010 the Bank Finance and Credit attracted from foreign investor "Bloomshine limited" (Great Britain) USD 12,5 million on the conditions of subordinated debt. The funds were attracted for 7 years.

According to the program of re-structuring of Eurobonds for the sum of USD 100 million Bank Finance and Credit paid in 1Q 2010 to Eurobonds holders 5 % from the sum of initial release, thus, having completely satisfied re-structuring conditions approved earlier. Besides, the Bank performed the planned payment of the coupon yield in the amount of more than USD 5,187 million in accordance with the conditions of bond issue. The aggregate amount made total more than USD 10 million.

Implemented in 2009 in the Bank "Internet-bank" system in the end of 1Q2010 celebrated the "the first record" – system totals 5 thousand users. Besides, the system continues active expansion of services of interactive banking for Clients: operation of replenishment of mobile accounts, broaden list of Internet and telephony providers, cable and satellite TV, all services may be paid through system "Internet-bank". Besides, the possibility of corporate payment cards management is realised: information viewing on corporate cards, formation of card and card account statements, blocking of the card, SMS-notification about movement of funds and the operations executed with card.

As of 01.04.2010 in Bank Finance and Credit about 1.15 mln. payment cards of international payment systems "VISA" and "MasterCard" are emitted.

Own infrastructure of card business of Bank includes 4 141 points of sale and 533 cash points. As of 01.04.2010 the Bank implemented 4 536 payroll card programs.

As of 01.04.2010 the Bank Finance and Credit serves over 123 thousand time deposit accounts, and also 230 thousand current accounts of clients-physical persons. From the beginning of year the volume of funds on urgent deposit accounts of clients-physical persons increased almost by UAH 320 million and made up UAH 4, 474 billion as of 01.04.2010, total on deposit and current accounts of private clients of the Bank Finance and Credit – over UAH 4, 826 billion.
     
Analyzing the market and working over product actualization, from the beginning of year the Bank has offered Clients two attractive products: package servicing "Fresh breeze" for clients-physical persons-seamen, allowing effectively keep, increase and dispose the funds without visiting Bank branch. Also the Bank has introduced new deposit in English pounds for 6 months and 370 days.
 
Besides, the Bank has suggested the clients to become partners, having taken advantage of the new program of Bank "Become the Bank agent". Agents of Bank may be both physical persons and physical persons-entrepreneurs and receive the additional income for attraction clients to the Bank.

As of 01.04.2010 over 45 thousand accounts of legal bodies are served in the Bank. The volume of funds on current and deposit accounts of legal bodies made up UAH 2,131 billion. The loan portfolio of legal bodies as of 01.04.2010 made up UAH 12, 521 billion. As of 01.04.2010 over 32.5 thousand clients of a small-scale business are served in the Bank.

In March, 2010, the international system of remittances operating in the Bank "AVERS" celebrated the 5th anniversary. Today the system takes the leading positions in the market of money transfers of Ukraine. From the beginning of the year about 60 thousand transactions were realized by the international system of money transfers "AVERS" in the Bank Finance and Credit. In 1Q2010 the system turnover increased by 87 % (UAH 443 million multicurrency), in comparison with 1Q2009 (UAH 238 million).

Being one of the largest importers of foreign currency, the Bank Finance and Credit from the beginning of 2010 has imported on territory of Ukraine USD 123 mln., about 22 million euro, and sold about 190 kg of bank gold.

Having finished in 2009 the process of optimisation of regional network, the Bank passed from a quantitative segment to a segment of quality of service. As of 01.04.2010 "golden mean" of quantitative filling of a trading network of the Bank are 16 branches and 305 outlets all over Ukraine. The further development of network will be characterized by the introduction of new standards of service, perfection, optimisation of business processes and introduction of IT technologies.