OREANDA-NEWS. October 26, 2011.As of 01.10.2011 the net assets of Finance and Credit Bank made up UAH 21.698 billion. The authorised capital of the Bank reached UAH 2 billion. The financial result of the Bank made up UAH 3.132 million as of 01.10.2011. The operational profit of the Bank for 3Q 2011 amounted to UAH 302.519 million.

The Bank accumulated UAH 1.719 billion of reserve fund to cover risks associated with all types of active operations

On 26 July 2011, at a regular General meeting, the shareholders of Finance and Credit Bank took a decision to rise the the authorised capital of the Bank by 10%—or by UAH 200 million—to reach UAH 2.2 billion. This increase will be realised by issuing common registered shares at nominal value of UAH 0.50 through their private placement in the period from 20 September to 10 October 2011 in two phases.

On September23, 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 July the Bank launched a crediting programme of "I've got money!" that is focused on clients participating in the existing salary projects of the Bank. As of 01.10.2011 the Bank allocated over UAH 14.5 million of credit limits for cards belonging to employees of the largest enterprises that Finance and Credit Bank cooperates with. There are over 1.8 thousand customers that had participated in the programme by 01.10.2011.

In September Finance and Credit Bank resumed lending to its clients-natural persons jointly with the State Mortgage Institution. Under the programme, a customer is granted a loan for purchasing an apartment or a house for the term stretching from 5 to 30 years at the fixed interest rate of 13.99% in UAH. The loan amount is up to UAH 1 million, the down payment is from 25%.

With customers as the major concern and wishing to offer the most profitable financial conditions, Finance and Credit Bank jointly with its partners-autosalons prepared in the third quarter for its customers several promotional offers for purchasing LADА, Volkswagen, Mitsubishi and Geely cars.

Promising proposals awaited investors of the Bank. In July the Bank launched a deposit promotional offer of "Luck into the bargain!" for individual customers which will be in place till the end of November 2011. The terms of the promotion enable all individuals who placed with the Bank a one month or longer-term deposit in national or foreign currency to receive an interest rate of up to 3% into the bargain.

As of 01.10.2011 Finance and Credit Bank opened over 139 thousand time deposits and over 248 thousand current accounts for individual customers. The volume of funds on time deposits of individual customers made up UAH 6.410 billion as of 01.10.2011. There are altogether over UAH 6.971 billion on time and current accounts of individual customers of Finance and Credit Bank.

The volume of funds on current and deposit accounts of legal entities amounted to UAH 2.621 billion. The corporate loan portfolio made up UAH 15.406 billion as of 01.10.2011. The SME loan portfolio is UAH 492.2 million.

In 3Q 2011 the "Internet Bank" system implemented a new service – transfer of funds in national currency to accounts opened with other banks of Ukraine. This feature makes it possible to quickly and conveniently, on any day of the week, pay for services of legal entities, make a payment in favour of budget organisations and private companies, transfer funds to individuals to their current accounts. Apart from that, some new services were added into the system, such as mobile payments. Users of the system can now initiate mobile account replenishment, transfers to a card account within the Bank, payment of delivered e-bills for utility services, telephony, the Internet, TV by sending an SMS-command. Thanks to mobile payments a customer is now not restricted by the access to the Internet. The mobile service of the "Internet Bank" system makes clients of Finance and Credit Bank more mobile.

To date, there are 9.5 thousand users that are connected to the "Internet Bank" system of Finance and Credit Bank.

As of 01.10.2011 Finance and Credit Bank serves approximately 567 thousand payment cards of the VISA and MasterCard international payment systems. The own network of the Bank's card business consists of 3,930 points-of-sale and 577 pay-out locations.

From the start of 2011, Finance and Credit Bank imported to Ukraine USD 1.526 billion, nearly €7 million; and sold approximately 2 tonnes of bank metals, 670 kg of which is gold and 1,317 kg is silver. There were over €88 million and nearly USD 7 million brought out of the country.

As of 01.10.2011 the Bank's trade network consists of 16 bank branches and 302 off-balance outlets located all over Ukraine.