Corporate Customers' Deposits

Corporate Customers' Deposits

The Bank offers its customers various deposit plans, diverged by currency and period of depositing, with flexible interest calculation system. The Bank's experts are always striving for meet the customer's requests. The All deposit transactions are provided by the Bank under the mutually beneficial terms only.

At the same time the Bank's risk management policy is tough. The Finance and Credit Bank follows the pricing policy that enables the Bank to monitor interest rate risk on the daily basis. Proper distribution of functions between the front and back offices streamlines contacts among the Bank and its clients and permits to achieve strict compliance with all contract arrangements.

Thanks to the Bank's balanced resource formation policy, the term assets and liabilities ratio and sustainable liquidity and solvency performance improvement, the Bank can extend the range of its active operations.

As compared with 2004, the volume of corporate customers' term deposits nearly doubled making up 1 374.42 million hryvnyas as of 1 January 2006 (multicurrency).

Documentary Operations

The Bank offers all types of documentary operations common in the world banking practice. In 2005, by customer's orders the Bank performed a large volume of transactions with the application of export and import letters of credit and various bank guarantees - tender, payment and other guarantees.

The Bank operations in 2005 totaled 96.6 million US dollars. The volume of operations with the application of import letters of credit and stand-by letters of credit amounted to 2.5 million US dollars (2.6% of the total volume of documentary operations).

25 export letters of credit for a total amount of 71.8 million US dollars were issued to the Bank customers in 2005 (74.3%). The volume of guarantees provided by the Bank in 2005 made up 22.3 million US dollars (23.1%).

As compared to 2004, the number of documentary operations increased more than 2.35-fold and their volume boosted 1.8-fold.

Stable improvement of quantitative Bank's performance indicators within the international settlements by documentary operations permits the Bank to increase the limits established for documentary operations by foreign banks.

The following foreign banks established the limits for the Finance and Credit Bank: Commerzbank AG (Frankfurt/Main), BCP-Bank (Geneva), American Express Bank (New York), "Kazkommertsbank" (Almaty), "Bankturanalem" (Almaty) and several other banks.