Bills of exchange transactions

        In 2006, Finance & Credit Bank increased the volume of its bills of exchange transactions. The bank performs the whole range of transactions to do with bills of exchange: accounting, providing collateral security and guarantees, collection, domiciling, repurchase transactions, commercial and commission transactions on the securities market. In 2006, the volume of commercial transactions involving bills of exchange of Ukrainian companies reached UAH 5,220 mln.      

Apart from bills of exchange transactions, the Bank performed transactions with external government bonds issued to offset VAT refund arrears. Sales of external government bonds held by the bank's customers totaled UAH 645 mln. In 2006, the volume of guarantees for customers' tax anticipation bills increased twofold to reach UAH 350 mln as of January 1, 2007.