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11:54
SHAREHOLDERS IN FINANCE AND CREDIT BANK APPROVE PROGRAM OF STABILIZATION MEASURES

Kyiv, August 4 (Interfax-Ukraine) – Shareholders in Kyiv-based Finance and Credit Bank at a general meeting held on August 3 approved a program of stabilization measures, the bank's press service reported on Monday.

"On August 3, 2009, a general meeting of the bank's shareholders was held, at which a program on measures aimed at the stabilization of the bank's financial indicators was approved. It was earlier approved by the National Bank of Ukraine (NBU)," reads the report.

The bank did not disclose any details of the program, promising to publish them later.

Finance and Credit was founded in 1990. Among its stockholders as of April 1, 2009 were JSC F&C Realty with a 46.96% stake and Askania Ltd. with a 48.88% stake.

The NBU says that as of April 1, 2009 the bank ranked 14th among the 182 operating banks in Ukraine in terms of total assets (UAH 18.316 billion).

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