Finance and Credit Bank is in talks with the Government regarding recapitalisation

press-release

     According to the Chairman of the Board of the Bank Finance and Credit Vladimir Hlyvniuk, negotiations with the Government concerning procedure and conditions of state occurrence in the Bank authorized capital proceed. "The Bank position is concluded to the previous example of the largest Bank groups of the world, on its basis we would like, that the agreement about recapitalization which will probably be subscribed, has as much as possible transparent and constructive character".
     "On the example of recapitalization of Bank groups - "Citygroup" , "Royalscotlandbank" or "Bank of America" we saw the transparent, civilized approach to recapitalization where the conditions thoroughly outlined", - Vladimir Hlyvnjuk mentioned, having noticed that negotiations of the Bank owners with the government proceed against Bank consultations with western investors.
    "The new decree introduced some corrective amendments to the process of negotiations, therefore negotiations with the western investors already pass not of the share (14 % - edit.) in the Bank authorized capital, but about the occurrence, technology of management and how it is possible to leave this process" - explained V. Hlyvniuk.

Information:
     Bank Finance and Credit was founded in 1990 and is one of the largest banks in Ukraine by its assets according the NBU classification.
     As of 01.05.2009 the Bank serves over 128 thousand term deposit accounts as well as over 221 thousand current accounts. As of 01.05.2009 the amount of funds on term deposit accounts of individuals made up UAH 4, 409  billion.
     As of 01.05.2009 the system of Bank Finance and Credit includes 16 branches and 305 banking outlets all over Ukraine.

Contact:
Yuliya Zagorodnya
Head of Informational
and Media Support Department
Bank Finance and Credit
tel.: +38 (044) 499-26-48
 e-mail: yuliya.zagorodnya@fcbank.com.ua