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Deposit and settlement operations
The Finance and Credit Bank is a member of the Fund for Guaranteeing Individuals' Deposits.
The Bank is authorized by the Pension Fund of Ukraine to pay out pensions and allowances through its system of affiliates and branches throughout Ukraine.
In 2005 the Bank offered a broad spectrum of deposit services: national and foreign currency deposit accounts for individuals on the terms and interest accrual schemes suitable for depositors differentiated by deposit currency and period of a deposit contract.
A new deposit program has been in operation since 2004. Thanks to the program, the Bank raised 2.12 times more funds from individuals in 2005.
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In 2005, euro deposits demonstrated the highest growth dynamics by volume of raised funds (140%). The volume of funds raised as US dollar deposits and hryvnya deposits also increased materially, by 124% and 112%, respectively.
The Bank's portfolio of individuals' deposits in total rose by 112% in multicurrency in 2005.
For 2005 the quantity of deposit accounts with the Bank system increased by 83%. The Finance and Credit Bank maintains over 77 thousand term deposit accounts and over 85.4 thousand current accounts of individuals.
In 2005, the Bank offered its customers several new deposit products:
F&C "Gold" deposit is a deposit in bank gold for periods of between 6 and 18 months.
F&C "Partner" deposit dedicated to 15-th anniversary of the Bank operations, i.e. the deposit for 15 months with interest payment on the term-end offering a loyalty program to regular customers, who are granted a bonus in the form of an extra interest on deposit.
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