From the beginning of the year Bank Finance and Credit has realized 100 hypothecary automobiles

press-release

      In January-May 2009 the Bank realized over 100 cars – the objects of collateralized property delivered by borrowers who were not able to repay the liabilities, and passed the right of pledge realization to the Bank as the third party on its own behalf. The realization total sum made up about UAH 10 million.
According to the head of department of problem assets work of the Bank Finance and Credit Svetlana Vorontsova: «The most actively collateralized property is on sale in Slobozhansky regional administration of the Bank (Kharkov region), Central regional administration (Kiev, Kiev region, Chernigov, Zhitomir and Vinnitsa region) and Pridneprovsky regional administration of the Bank (Komsomolsk, Kremenchug, Poltava and Kirovograd region).
      We successfully managed to start with sale of collateralized property due to implementing of special section on the Bank web-site in the end of the last year. Today over 100 units of vehicles are presented on the Bank site».
      In addition, the Bank signed a number of agreements with some Ukrainian auto dealers of joint interaction in the course of collateralized property realization that allows considerably accelerate the process of realization.

Information:

     Bank Finance and Credit was founded in 1990 and is one of the largest banks in Ukraine by its assets according the NBU classification. Authorized capital of the Bank as of 01.04.2009 makes up UAH 2 billion. Net assets of the Bank as of 01.04.2009 amounted to UAH 18.316 billion, Bank`s liabilities made up UAH 15. 840 billion. Bank loan portfolio as of 01.04.2009 - UAH 15, 880 billion. Retail loan portfolio of Bank Finance and Credit as of 01.04.2009 made up UAH 5, 983 billion.
      The Bank serves over 136 thousand term deposit accounts as well as over 226 thousand current accounts. As of 01.04.2009 the amount of funds on term deposit accounts of individuals made up UAH 4, 793 billion.
      As of 01.04.2009 Bank Finance and Credit issued over 1, 013 million of payment cards of international payment systems VISA and MasterCard. Bank`s own banking card business infrastructure comprises of 4,181 service outlets and 543 cash withdrawal points. Joint ATM network of Bank Finance and Credit, Ukrsibbank, Ukrsotsbank, Praveksbank and Rodovid Bank consists of 3,649 ATMs.
     As of 01.04.2009 the system of Bank Finance and Credit includes 16 branches and 326 banking outlets all over Ukraine.
From the beginning of year the financial results of the Bank makes up UAH 224 thousand.

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