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Within the framework of the strategy, we have formulated three primary objectives for 2005: dynamic development of the sales network, transition to a new banking day, and streamlining of the "Finance & Credit" Bank structure. All of those objectives have already been fulfilled and, as a result, the Bank's principal operating and financial performance has been substantially improved and the performance figures have nearly doubled, compared to the last year.

It's been several years during which the Bank has shown the most dynamic development by supporting high growth rates and substantially strengthening its positions in the financial service market of Ukraine. The Bank fortified its image of a systematic and stable Bank, which is always ready to do its best to meet the needs of its customers and partners, offering the most favorable cooperation terms in all lines of banking business.

This was considerably facilitated by the Bank's structure change into a customer-oriented one. Besides, front office managers working procedure significantly changed, product line was enlarged and renovated, and new programs were launched, namely the bank's own instant money transfer system AVERS and also a microlending program.

Powerful growth dynamics has been balanced by creation of a full-scale risk management service. In 2005, regional offices were established in Sumy, Chernihiv, Vinnytsya, Ternopil, Kirovograd, and Cherkasy.

... the course on the
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The developed branch network enables the Bank to provide services to residents of all the Ukrainian regions.

In 2005, the Bank's branches were transferred to a brand new automated banking system and in 2006 we will go through the next stage, i.e. transition to brand-new banking technologies.

In 2006, we are going to greatly expand the presence of "Finance & Credit" Bank in the financial market of Ukraine. We are planning to continue augmenting the Bank's capital and to increase the number of distribution channels and are also going to enter the international loan markets. We are sure that the Bank is on the right path.

By choosing a challenging but mature course for continuous development and improvement, we keep confidently going ahead.