Pension and social welfare programme of Finance and Credit Bank

press-release

     During the year of 2010 Finance and Credit Bank maintained its cooperation with the Pension Fund of Ukraine and the Ministry of Labour and Social Policy. As of January 1, 2011, the amount of funds on card accounts intended for pension and social welfare payouts to clients of Finance and Credit Bank exceeded UAH 100 million.

     According to Head of Retail Products Sales Management Department of Finance and Credit Bank Lyudmila Radchenko: "Our clients, who are pension and subsidy recipients, greatly appreciate the benefits provided by the Bank's special Pension Programme and its simplicity and convenience of receiving payouts in all 305 bank outlets. It becomes obvious when considering the positive dynamics: the balance of funds on card accounts intended for pension and social welfare payouts rose by 122% in 2010. In the year that passed the Bank once again confirmed its right to servicing current accounts of pensioners and subsidy recipients in front of the Bank Select committee".

     Under the Bank's Pension Programme a client gets his/her card account opened and a pension payment card issued for free. The interest on the card account balance is accrued monthly at the rate of 12%. Apart from that Finance and Credit Bank offers pension recipients a special deposit facility FCB "Pension" with a raised interest rate and monthly interest payment.

     As of January 1, 2011, the total number of pension and social cards of Finance and Credit Bank is over 70 thousand.

Reference:

     Finance and Credit Bank was founded in 1990 and belongs to the largest banks group by the volume of assets according to the NBU classification. Finance and Credit Bank network consists of 16 bank branches and 305 off-balance outlets in all regions of Ukraine.