Finance and Credit Bank totals up the 3Q 2010 results

press-release

     The net assets of Finance and Credit Bank grew by nearly 12% since the beginning of the year and reached UAH 21.708bn as of October 1, 2010. The Bank's authorised capital amounted to UAH 2bn.

     The operational profit that the Bank earned in Q3 2010 made up UAH 189.569m.

     The overall financial performance of the Bank as of October 1, 2010, made up UAH 54.085m.

     UAH 1.369bn have been pooled in a fund to cover the risks in all active operations types.

     On Septermber 21, 2010, the Credit-Rating agency took a decision to assign a long-term credit rating of uaBBB (investment class level) to Finance and Credit Bank, which upgrades the bank by one position according to the national rating scale. The outlook on the rating is stable.

     On July 22, 2010 Finance and Credit Bank made, as was planned, a coupon yield payment in the amount of $4.987m to holders of Eurobonds worth $95m.

     Finance and Credit Bank successfully restructured its external borrowings portfolio of $100m, including syndicated loans and trade finance loans. The terms of restructuring allow syndicated loans (in the amounts of $70m and 42.5m, the maturity dates of which are March 2009 and August 2009 respectively) to be consolidated into a single syndicated loan. The new loan provides monthly repayment of the principal in equal installments till January, 2015, at the interest rate of LIBOR + 2.5%".

     As of October 1, 2010, there are over 141,000 time deposit accounts and 247,000 current accounts of individuals opened in Finance and Credit Bank. Since the beginning of the year the volume of funds placed by individuals on time deposit accounts increased by nearly 30% that is UAH 1.25bn. As of October 1, 2010, it reached UAH 5.405bn. All in all Finance and Credit Bank has over UAH 5.824bn on deposit and current accounts of individuals.

     The Bank took steps to meet our customers' numerous wishes and resumed the mortgage crediting and auto loans.

     In Q3 2010 one more service, that is redemption of a loan debt with the help of a payment card issued by the Bank, was added to the service range of the "Internet Bank" system in Finance and Credit Bank. As of October 1, 2010, there were approximately 7,000 users of the "Internet Bank" system.

     As of October 1, 2010, the Bank had over 36,000 corporate customers. The volume of funds on corporate current and deposit accounts made up UAH 2.841bn. The corporate loan portfolio of the Bank as of October 1, 2010, made up UAH 14.542bn.

     As of October 1, 2010, the Bank services over 33,000 small enterprises. The loan portfolio of small enterprises was UAH 560.8m.

     As of October 1, 2010, Finance and Credit Bank emitted approximately 1.3m payment cards of the "VISA" and "MasterCard" international payment systems. The Bank's own card business infrastructure includes 4,678 points of sale and 530 ñash withdrawal outlets. As of October 1, 2010, Finance and Credit Bank implemented 5,009 payroll projects.

     Since the beginning of 2010 Finance and Credit Bank imported gold worth $495.5m and approximately ˆ45m into Ukraine. The Bank sold approximately 544.3 kg gold. The outflow of euro totalled up to 225.7m since the beginning of the year.

     As of October 1, 2010, the Bank network consists of 16 bank branches and 305 off-balance outlets situated all over Ukraine.

Contact for Mass Media Representatives:
Yuliya Zagorodnya
Head of Informational and Media Support
Finance and Credit Bank
Phone: (044) 364-26-48
å-mail: yuliya.zagorodnya@fcbank.com.ua