«Simple arithmetic»: “Finance and Credit” Bank introduces new programs of card crediting – “Double two” and “Treble three”

press-release

      "Finance and Credit" Bank introduces new programs of crediting with payment card usage – "Double two" and "Treble three". The idea of new card products is concluded in creation of new convenient and accessible by its value instrument for no pledge credit funds receipt.
     According to the Head of retail crediting department of "Finance and Credit" Bank Sergiy Schevchenko: "These programs provide renewable credit line set at payment card. The advantages of credit receipt are evident – within the set limit of crediting client has a possibility to use repeatedly credit funds, covering only the interest rate added to the sum of credit funds of factual usage". 
      Depending on chosen crediting program client has a possibility to get a credit limit at the card for the sum from UAH 10 000 to 12 000. Both credit programs are unsecured, in addition they don't demand extra individual guarantee. The interest rate at credit programs "Double two" and "Treble three" makes up accordingly from 2,2% and 3,3% annual for favourable crediting period (22 and 33 days) and from 22% and 33,3% annual for credit usage upon expiration of favourable period. The maximum term of crediting on the given programs makes up 22 and 33 months and may be prolonged by mutual consent of both sides. The credit line is settled at the card of international payment system Visa and MasterCard of chosen by the client class.
      The portfolio of consumer lending of the Bank as of 01.06.2008 is characterized by the following structure: mortgage lending– 58,47%; auto lending – 30,11%; consumer lending – 5,78%; other – 5,64%.

Reference:

   "Finance and Credit" Bank was founded in 1990 and by total assets it enters the group of the largest banks according to NBU classification. As of 01.06.2008 authorized capital of the Bank made up UAH 1,277 bln. As of 01.06.2008 the Bank's net assets were UAH 15, 634 bln., liabilities totalled to UAH 13, 771 bln. The Bank's loan portfolio reached UAH 12, 117  bln. The amount of attracted funds as for 01.06.2008 was UAH 10, 113 bln.
     The Bank services over 151 thousand of urgent deposit account of individuals, in addition over 219 thousand of current accounts. Loan  portfolio of individuals of "Finance and Credit" Bank as for 01.06.2008 made up UAH 4, 538 bln.
      As of 01.06.2008 "Finance and Credit" Bank emitted over 743 thd. of payment cards of international payment systems «VISA» «MasterCard». The own infrastructure of card business numbers 425 ATMs, over 529 cash withdrawal outlets and 3 264 trade servicing centres. The united ATM network of "Finance and Credit" Bank, Ukrsibbank, Ukrsocbank and Pravex makes up 3080 ATMs.
      As of 01.06.2008 "Finance and Credit" Bank system includes 16 branch offices and 389 non-balance offices in all Ukrainian regions.
      As of the financial result of "Finance and Credit" Bank work since the beginning of 2008 has made up UAH 49,610 mln.

Contact:

Yuliya Zagorodnya,
Chief of Informational
and Media Support Department
"Finance and Credit" Bank
tel.: +38 (044) 499-26-48
e-mail: yuliya.zagorodnya@fcbank.com.ua