News in June 2005

June 24: ATM network expands in Donetsk region
The Donetsk Regional Branch of Ukrsotsbank has deployed an ATM in Donetsk; For 5 months of 2005, Ukrsotsbank increases volume of housing loans by UAH92m
Long-term loans grew at an accelerating pace during this period
June 23: Ukrsotsbank heads TOP-100 rating by InvestGazeta as best financial company in Ukraine
According to the TOP-100 list, Ukrsotsbank is ranked the forth largest holder of assets (UAH7068,33m) in the general rating of banks; Ukrsotsbank starts housing crediting action dedicated to its 15th anniversary
During the action, the rate on housing loans for individuals will be at 15 percent p.a. irrespective of a loan’s term
June 22: Ukrsotsbank improves housing and car loans’ conditions for V.I.P. clients
No advance payment is required for mid- and top-management of the Bank’s VIP clients on car or housing loans; Ukrsotsbank starts placement of LuAZ bonds
The bond issue by LuAZ is considered today as the most significant event on the home stock market; Ukrsotsbank’s individual loan portfolio exceeds UAH1.5bn
The Bank’s share on the consumer crediting market for the last five months has increased by 0.9 per cent to 8.1 per cent
June 21: Ukrsotsbank plans roadshow in Asian countries in 2006; Ukrsotsbank starts investment and building program
The program is intended for the constructors to which the Bank can provide necessary financing and developer’s support
June 16: Ukrsotsbank starts placing bonds of Spetstehosnastka Co Ltd.; Ukrsotsbank posts 16.3 per cent increase in individual deposits portfolio
June 15: Conference dedicated to first bond issue by Lutsk car factory to take place on June 21
The organizer, underwriter and paying agent of the issue is Ukrsotsbank; In May international currency reserves of NBU grew at lowest rate in 2005
An analytical report by Ukrsotsbank
June 14: Ukrsotsbank opens another financial supermarket
The financial supermarket was opened on the basis of the Yuzovske branch of the Donetsk Regional Branch; For first time in Ukraine, bank managers are entitled to make decisions personally
From now on, the certified managers may not only take loan applications but also make loan delivery decisions; In next two months EUR/USD rate may set at 1.2€/$
The forecast by Ukrsotsbank analyst; In near future overnight rates will remain unchanged
The forecast by Ukrsotsbank analysts
June 13: By end of summer interest rates on deposits from individuals will fall by 1-2 percent
The opinion by Erik Naiman, head of Ukrsotsbank financial instruments department; Ukrsotsbank realizes unique personnel professional improvement program – business camp “School for I-level managers”
The project was composed of topical and professional conferences, business-communication and managerial skill improvement trainings; ATM network expands in Donetsk region
The Donetsk Regional Branch of Ukrsotsbank has deployed an ATM in Soledar; Ukrsotsbank offers unique deposit “Loan”
The deposit is distinguished by the following feature – it is possible to open a revolving credit line while depositing the funds
June 10: Ukrsotsbank raises interests on USD deposits from individuals
Since June 6, 2005, Ukrsotsbank has heightened the interests on USD deposits from individuals by 0.5 percent; NBU has to remain effective regulator of currency market
The opinion by Boris Timonkin, chairman of Ukrsotsbank management board
June 9: Ukrsotsbank starts placement of bonds of Lutsk car factory (LuAZ) on June 20, 2005
“For a potential buyer of LuAZ’s bonds such a purchase will mean diversification of investment risks…”, believes Erik Naiman, head of Ukrsotsbank financial instruments department; By September of 2005, UAH/USD exchange rate will not change significantly
The opinion by Boris Timonkin, chairman of Ukrsotsbank management board; On June 14, 2005, Ukrsotsbank starts placement of bonds of Shevchenko Co Ltd.
“This offer taking into account the issuer’s high solvency looks very attractive,” says Erik Naiman, head of Ukrsotsbank financial instruments department
June 7: Despite results of referendums euro will not collapse
The opinion by Boris Timonkin, chairman of Ukrsotsbank management board; Limits on purchases of government internal loan bonds by non-residents will favor big non-resident banks
The opinion by Erik Naiman, head of Ukrsotsbank Financial Instruments Department; Ukrsotsbank conducts professional training program “Business Camp”
The participants in the program will get a basic grounding in all types of products and services that will help them succeed in servicing clients; ATM network expands in Donetsk region
The Donetsk Regional Branch of Ukrsotsbank has deployed ATMs in Selidovo and Makeyevka; For first five months of 2005, Ukrsotsbank has factored more than 20 000 goods deliveries that exceed UAH300m
Presently, the Bank leads in Ukraine’s factoring market enjoying the market share of more than 33 percent
June 6: By end of 2005, foreign currency reserves of NBU may reach USD15bn
The forecast by Ukrsotsbank analysts; Ukrsotsbank grants loan to Procter&Gamble exclusive representative – Avito Trading Group Ltd
The Dnipropetrovsk Regional Branch of Ukrsotsbank has provided an UAH8m loan to Avito Trading Group Co Ltd.
June 3: Ukrsotsbank acts as sponsor of sixth Vadim Hetman Cup regatta
“The partnership with the Hetman Cup is a tribute to the memory of Vadim Hetman,” says Boris Timonkin, head of Ukrsotsbank management board; ATM network expands in Zaporizhia region
The Zaporizhia Regional Branch of Ukrsotsbank has deployed one more cash-machine in Zaporizhia; Growth of economic activity and normal conditions for business are likely to establish starting from 2007
The opinion by Boris Timonkin, chairman of Ukrsotsbank management board; Creation of credit bureaus will help banks reduce risks and bring down loan costs
The opinion by Boris Timonkin, chairman of Ukrsotsbank management board
June 2: Ukrsotsbank introduces new type of consumer loan
The loan can be granted under the guarantee by a solvent individual without any security; Ukrsotsbank improves housing loan conditions for individuals
Clients that want to take housing loans now can get the Bank’s decision on the delivering loan’s sum in a three days' time
June 1: ATM network expands in Donetsk region
The Donetsk Regional Branch of Ukrsotsbank has deployed one more ATM in Makeyevka; When permitted to work in Ukraine, foreign bank’s affiliates will serve export-oriented companies and VIP-clients
The opinion by Valentina Zhukovskaya, first deputy chairperson of Ukrsotsbank management board; Ukrsotsbank improves loan conditions for individuals
Ukrsotsbank has considerably extended the loan term for home-buyers and reduced the advance payment on housing loans; ATM network expands in Zhytomyr
The Zhytomyr Regonal Branch of Ukrsotsbank has installed one more ATM in Zhytomyr

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News in June 2005