OREANDA-NEWS. May 21, 2012. The net assets of Finance and Credit Bank grew by over UAH 1 billion from the start of the year to reach  UAH 23.026 billion as of 01.04.2012, the authorised capital of the Bank makes up UAH 2 billion.

The operational profit of the Bank following the first quarter results of 2012 made up UAH 173.5 million.

The Bank's financial result as of 01.04.2012 is UAH 34.786 thousand.

In March 2012 the "Credit Rating" agency confirmed the long-term credit rating of Finance and Credit Bank that is uaBBB (investment class level) according to the national rating scale. The outlook on the rating is stable.

As of 01.04.2012 the Bank's loan portfolio amounted to UAH 19.592 billion, including the corporate loans estimated at UAH 15.806 billion as of 01.04.2012.

The Bank accumulated UAH 1.734 billion of reserve fund to cover risks associated with all types of active operations.

In March 2012 Finance and Credit Bank launched a crediting programme for individuals that is a cash loan of up to UAH 50 thousand. Besides that, joint lending programmes with the AVTOSOJUZ and AIS companies intended for purchasing Volkswagen, Ssang Yong, Morris Garages and Chevrolet Niva took off the ground.

As of 01.04.2012 there are over 157 thousand time deposits placed with Finance and Credit Bank, and over 262 thousand current account opened for natural persons. From the start of the year, the volume of funds on time deposit accounts of individuals had increased by UAH 536.6 million and stayed at UAH 7.381 billion as of 01.04.2012, the volume of funds placed into both deposit and current accounts totals up UAH 7.977 billion.

In 1Q 2012 customers of our Bank traditionally opted for classical deposits with the interest paid on a monthly basis or at the deposit maturity (with the highest interest rate). Such deposit programmes as F&C Pension, F&C Classic and F&C Standard are the most popular in the deposit product line of Finance and Credit Bank, they account for over 90% of the total number of retail deposits. The most demanded deposits are those with the maturity periods of 6 months and 370 days.

From March 2012, customers of Finance and Credit Bank, who are connected to the "Internet Bank" system, got a possibility to make an F&C Online deposit. The main advantage of this deposit is the possibility to open it and manage it (including the possibilities to replenish it / view the balance / get a non-cash return of the deposit and the accrued interest etc.) from any part of the world.

As of 01.04.2012 the amount of UAH 993.3 thousand was deposited into F&C Online accounts by the Bank's customers.

As of 01.04.2012 the volume of funds on card accounts intended for payment of pensions and social wellfare to customers of Finance and Credit Bank made up UAH 154 million.

As of 01.04.2012 Finance and Credit Bank services over 561 payment cards of the international payment systems VISA and MasterCard. The card business infrastructure includes 4,413 points-of-sale, 452 ATMs and 581 payout locations.

The 1Q 2012 turnover of the AVERS international money transfer system exceeded UAH 675 million. The System cooperates with 55 agent banks as well as with 5 foreign partner systems and comprises 2.1 thousand service outlets on the territory of Ukraine and nearly 100 thousand outlets abroad.

Finance and Credit Bank imported approximately USD 511 million, €822 thousand euro, and sold 21 kg bank metals.

As of 01.04.2012 the regional network of Finance and Credit Bank consists of 16 bank branches and 298 off-balance outlets in all regions of Ukraine.