Trade finance transactions

In 2006, Finance & Credit Bank performed US$ 119.4 mln worth of trade finance transactions.

      The volume of transactions involving import and stand-by letters of credit totaled US$ 14.4 mln (12.1% of all trade finance transactions). Compared to 2005, the volume of transactions involving import and stand-by letters of credit increased by 5.8 times. In 2006, the bank's customers were issued 27 export letters of credit worth a total of US$ 35.9 mln (30% of all trade finance transactions).
In 2006, the bank issued 561 guarantees requested by its customers, worth a total of US$ 69.1 mln (57,9% of all trade finance transactions).

In 2006, the volume of transactions involving guarantees grew by 3.1 times year over year.
In 2006, the total number of the bank's trade finance transactions increased by 1.7 times and their volume by 1.24 times year over year.   

      In 2006, Finance & Credit Bank has been accredited with the State Customs Service of Ukraine and is now able to issue financial guarantees in favor of the Ukrainian customs authorities on behalf of its customers.
     As a result of the growing indicators of the bank's performance in the area of international payments involving trade finance transactions and its growing financial stability, foreign banks have established new and raised existing limits for trade finance transactions by Finance & Credit Bank.
    In 2006, such foreign banks as Landesbank Berlin AG, HypoVereinsBank (Germany) and JSC ATF-Bank (Kazakhstan) have established new limits for Finance & Credit Bank.