The Bank «Finance and Credit» attracted USD 7,94 mln. from the foreign investor

press-release

     Entering the group of the largest the Bank «Finance and Credit» signed the contract with Vorskla Steel Holdings limited about funds attraction in amount of USD 7,94 mln. on conditions of subordinated debt. The term of funds attraction - 7 years, the interest rate makes up 8,4 %.
     According to the Chairman of the Board of the Bank «Finance and Credit» Vladimir Hlyvniuk: «Funds attraction on conditions of subordinated debt is carried out within the limits of the program of stabilisation measures accepted at General meeting of shareholders of the Bank «Finance and Credit» on August, 3rd, 2009, and will accommodate the growth of capitalization level of the Bank, improvement of liquidity indicators that, finally, will raise the level of reliability and security of clients interests of the Bank».
     Currently the registration procedure of subordinated debt in the National bank of Ukraine which is planned to finish till the end of current month is being conducted.

Information:
     The 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 01.09.2009 the Bank serves over 112 thousand term deposit accounts as well as over 215 thousand current accounts. As of 01.09.2009 the amount of funds on term deposit accounts of individuals made up UAH 3, 929 billion.
     As of 01.09.2009 the system of the 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