OREANDA-NEWS. July 21, 2011. The first half of 2011 turned out for Finance and Credit Bank to be the period of recovery and promotion of the better part of active operations for both individual customers and legal entities as well as that of alternative sales channels development. The Bank centered its effort on the projects aimed to create new banking technologies based on state-of-the-art IT-solutions.

During these six months the net assets of Finance and Credit Bank grew by over UAH 2 billion and reached UAH 24.410 billion as of 01.07.2011. The Bank accumulated UAH 1.593 billion of reserve funds to cover risks associated with all types of active operations.

The authorised capital of the Bank – UAH 2 billion.

The financial result of the Bank's activity made up UAH 2.817 million as of 01.07.2011.

The operational profit of of the Bank was UAH 419.3 million according to the results of 1H 2011.

In February 2011 Finance and Credit Bank attracted USD 20 million from a foreign investor that is "Bloomshine limited" (Great Britain) under the terms of a subordinated debt. The funds were borrowed under the special programme meant to increase the capitalisation level of the Bank for the term of 7 years.

In March 2011, the "Credit Rating" agency confirmed the long-term credit rating of Finance and Credit Bank that is uaBBB (investment class level) according to the national rating scale. The outlook on the rating is stable.

In spring 2011 Finance and Credit Bank resumed its active crediting programmes for the public: in April the Bank launched a new car loan programme intended for individuals and entrepreneurs. Owing to this, the Bank stepped up cooperation with Ukrainian auto salons, constantly extending the list of partners under this programme. Besides that, our individual customers and individual entrepreneurs were offered a home equity loan facility intended for any purposes. The lending period is up to 10 years, the loan amount is up to UAH 800 thousand.

In March 2011 Finance and Credit Bank and the Ukraine International Airlines company launched a co-branded project on the basis of UIA's Panarama Club loyalty programme. Under this project the Bank issues Visa Classic and Visa Gold credit and debit cards of exclusive design. After ordering a card at any of the Bank's outlets, a client becomes a Panarama Club member and gets access to a wide range of benefits. When paying by an "Awesome Flight Card" for any goods, clients will be awarded 2 bonus miles for each 3 USD paid with the card. The accumulated miles can be exchanged for award airplane tickets, discounted airplane tickets and many other things.

As of 01.07.2011 Finance and Credit Bank opened over 141 thousand time deposit accounts, and over 250 thousand current accounts of individual customers. As of 01.07.2011 the volume of funds on retail time deposits made up UAH 6.459 billion. Finance and Credit Bank has over UAH 7.035 billion held on deposit and current accounts of individual customers.

As of 01.07.2011 the amount on card accounts intended for payment of pensions and social benefits to clients of Finance and Credit Bank exceeded UAH 141 million.

From the start of the year the volume of funds on currenct and deposit accounts of legal entities increased by nearly UAH 1 billion and amounted to UAH 4.801 billion. As of 01.07.2011  the corporate loan portfolio made up UAH 15.651 billion. The volume of micro-business loan portfolio made up UAH 506.5 million. The number of granted loans equalled to 4,189.

In 1H 2011 Finance and Credit Bank upgraded the "Internet Bank" functionality: now clients of the "Internet Bank" system have the following financial operations at their disposal - transferring funds from their own cards/accounts to accounts of both other individuals or legal entities opened with other banks of Ukraine. Apart from that, some new services were added into the system, such as the possibility for customers to make individual settings for SMS-notifications of events on their current and card accounts or events in the system (for example, change in currency exchange rates) and to make payments in favour of 53 new providers. More than that, now users of the system can easily replenish their electronic purses WebMoney; pay for goods of such companies as Oriflame, Mary Kay; pay utility bills and bills from other providers; repay loans, transfer funds between their own accounts/cards, to other accounts and perform some other operations 42/7 without visiting the Bank's outlets. To date, there are 8.8 thousand users that are connected to the system.

In May 2011 yet another time the III international conference on "Markets for money transfers, bank metals and cash currency" proved to be a success and attracted the record number of guests and mass media representatives, over 140 participants.

Within the first half of 2011 the turnover  of the international money transfer system AVERS made up 1.486 billion multicurrency.

As of 01.07.2011 Finance and Credit Bank services over 550 thousand paymentcards of the international VISA and MasterCard payment systems. The Bank's own card business network consists of 3,740 points-of-sale and 569 cash withdrawal points.

Over this half a year Finance and Credit Bank imported to Ukraine USD 1.318 billion, over EUR 1.4 million and over 888 kg bank metals. Since the start of the year there were 1,382.5 kg bank metals sold. The currency export rose to EUR 77.3 million and USD 5.6 million from the beginning of the year.

As of 01.07.2011, the regional network of the Bank comprises 16 bank branches and 302 off-balance outlets all over Ukraine.