Retail deposits of Finance and Credit Bank grow by UAH 800m from the start of the year

press-release
Kiev

      Since the beginning of 2010 retail deposits of Finance and Credit Bank grew by over 17% or UAH 800 MIO in multicurrency to reach UAH 5.38 billion as of 13.07.2010 . And over 60% ýof these funds are deposits with the term of 12 months and more.

      As of 13.07.2010 the Bank serves over 135 thousand retail term deposit accounts as well as about 242 thousand current accounts. Funds on retail term deposit accounts as of 13.07.2010 made up UAH 4.97 billion.

      According to Sales Department Director of Finance and Credit Bank Igor Shevchenko: "Situation in the banking market has not only stabilized but has been a clear evidence that the crises in in the past. Not only overliquidity in some banks may be considered as a main sign of recovery but also stable tendencies to reduction of deposit rates and renewal of mass consumer lending programms. The level of avarage weighted rate of year-long deposits in UAH along the banking system also proves it, this level reduced from 23% (as of 01.01.2010) to 18% (as of 01.07.2010)". 

      Since the beginning of the year Finance and Credit Bank has developed deposit programs Standard and Classic in RUB, which is a logical continuation of enhancement of deposit range performed by Finance and Credit Bank. Apart from usual deposits customers are offered to use Pound Deposit in GBP and Fresh Breeze Deposit for sailors that are very popular among population. 

Reference:

     Finance and Credit Bank was founded in 1990 and by its assets is one of the largest banks in Ukraine according to the NBU classification. 

     As of 01.07.2010 Bank Finance and System includes 16 branches and 305 outlets over Ukraine.

Contact for Mass Media Representatives:
Yuliya Zagorodnya
Head of Informational and Media Support
Bank Finance and Credit
Phone: (044) 499-26-48
å-mail:yuliya.zagorodnya@fcbank.com.ua