Deposits

Bank `Finance and Credit` offers to its clients 12 types of deposits, created to meet various demands of customers.   Deposit portfolio of Bank clients-individuals (UAH, mln.) The bank not only keeps winning new depositors, but also enjoys confidence of its loyal customers, about one third of deposit accounts owners have been the bank’s clients for 2 or more years. Retail deposit portfolio of the bank in 2007 increased by 69% and as of 01 January 2008 amounted to UAH 4.211 billion in multicurrency, growth in 2007 made up UAH 1.309 billion in multicurrency (growth rate of 45%). Bank`s share in Ukrainian retail deposit market made up 3.6%.   Bank `Finance and Credit` is a member of Guarantee Fund for Deposits of Individuals. Amount of indemnification in respect of deposits, including interest at the expense of Guarantee Fund amounts to UAH 50,000. Bronze Bank 2007 -  Bank `Finance and Credit` was assigned this title (a third place) according to surveys of Personal Account magazine. Every month, journalists of the edition conducted research of one of the banking services and evaluated its basic terms and conditions. The Bank “Finances and Credit” was among leaders of such rating researches not once and got different awards, in particular for ‘The best loans for land purchase’,  ‘The best deposits for 3 and 6 months’,  etc.  In the course of 2007 there was a tendency for increase of deposits in UAH (from 40 to 43.9% of retail deposit portfolio). Their ration in deposit portfolio is equalized (43.9% in UAH and 42.6% in USD). During 2007 there also was a significant increase (in two times) of demand for deposits in EUR, which led to the growth of their share in deposit portfolio from 6.97% to 13.4%.   Bank `Finance and Credit` always tries to do its best to meet customers` needs – we offer a wide range of deposits terms of which are adapted to the most common specific requirements of potential depositor to the bank deposit. Since 1 October 2007 Bank `Finance and Credit` has been offering to its clients a new deposit program `Perspective`, the main idea of which is its term – 3 years, annual increase of interest rate and possibility of annual withdrawal of funds without any loss of interest accrued.    From 1 November till 25 December 2007 there was a campaign for depositors in the Bank - “Full Spoon of Interest” that enabled retail customers to get a bonus in the form of increasing deposit interest rate. Apart from the fact that the bank `Finance and Credit` is authorized by the Pension Fund of Ukraine to pay pensions and allowances to lower-income individuals, there is a special offer for elderly people in the bank`s deposit program – «Pension Deposit» with increased interest rate and maximum  profitable terms and conditions.