Document URL: http://www.fcbank.com.ua/en/about/arxiv_god/1180083374/1180093559/

Financial statement

FINANCIAL STATEMENT

General Information

As of 1 January 2006, the Finance and Credit Bank is included into the I Bank Group as per the NBU's classification by of its total average assets volume.

In 2005, the Finance and Credit Bank:

increased its net assets by 52% - from UAH 2 284 million up to UAH 4 422 million

increased its credit portfolio by 54% - from UAH 1 667 million up to 3 101 million

increased its regulatory capital 2.01 times - from UAH 280.149 million up to 563.491 million (94.147 million euros)

Balance Sheet Total

As of 1 January 2006, the Bank's balance sheet total made up UAH
5 885.8 million, including that of branch banks totaling UAH 1 464 million.

In 2004, the Bank's balance sheet total was UAH 3 095 million, respectively.

The value of balance sheet total incremented by 2 791 million speaking of the Bank as a whole, including by UAH 653 million by its branch network.

The Capital of the Bank

The Bank's regulatory capital doubled and, as of 1 January 2006, made up UAH 563.49 million.

The Assets of the Bank

The Finance and Credit Bank's net assets grew by 52% in 2005 (as of 1 January 2006, net assets made up UAH 4 421.7 million). This high growth in 2005 is the result of increase in almost all balance sheet asset items, in particular, the credit and investment portfolio doubled (as of 1 January 2006, this indicator reached UAH 3 383.1 million). Lending remained one of the priority areas of the Bank's activities. The volume of loans granted by the Bank to its corporate clients grew by 1.86 times and, as of 1 January 2006, made up UAH 3 100.7 million.

The loans granted to corporate clients comprised 79% of the Bank's total credit portfolio. Priority sectors of the domestic economy financed by the bank were: chemical industry - 11.64%, food industry - 6.86%, trade industry- 13.29%, transport and metal working industry. The Bank's consumer credit portfolio grew 2.5 times last year and made up UAH 676 million as of 1 January 2006. As of 1 January 2006, the Bank's formed reserves for risks recovering within all types of credit operations amounting to UAH 103.138 million.

The Resource Base of the Bank

In 2005, 81% of the Bank's resource base was composed of the funds of its corporate clients and individuals. The volume of the clients' funds increased by 73% during 2005 and by year-end amounted to UAH 3 167 million with the corporate client funds accounting for 44% and the individuals' funds for 56% of the total.

A favorable factor is the positive dynamics of the growth of balances on business entities' fixed-term deposit accounts (two-fold) as compared to the 1.4-fold growth of balances on current accounts. This allowed to perform efficient planning and effective allocation of raised funds, as well as to exercise day-to-day control over the liquidity and solvency of the Bank.

As a whole, the liabilities of the Bank increased by 88% and, as of 31 December 2005, made up UAH 3 933 million.

The operating instrument for maintaining liquidity of the Bank in 2005 was the attraction of funds in the interbanking market; their share in the total liabilities of the Bank amounted to 9% or UAH 359.7 million.

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