Reviews about the bank "Finance and credit", customer comments

Starting to study reviews about the bank "Finance and credit", it is worth starting with a small background. The financial institute began its existence on June 19, 1990. Initially, the institution was officially registered by the state bank of the USSR as the Ukrainian commercial bank for business cooperation. In five years, on October 13, 1995, the institute acquired its real name and became a commercial bank "Finance and Credit".

History of activity

The authorized capital of the bank in 2006 was equal to two billion hryvnia. In 2007, the organization acquired a new form of ownership and became a limited liability company. In July 2011, it was decided to increase the authorized capital of the financial institution by 200 million hryvnia. In 2009, the institution had the status of a joint-stock company, and in its head was Vladimir Khlyvnyuk, who was known as the leading top manager of the Ukrainian banking sector.

Throughout the long history of existence reviews about the bank "Finance and credit" left a pleasant impression about the institution, as it regularly fulfilled its obligations. A perfect confirmation of this is the assessment of 2011 from the rating agency Credit-Rating, which assigned the institution the level of investment grade uaBBB. The forecast was stable. By February 2012, the Institute's assets amounted to UAH 22,877,292 billion.

Outstanding history and participation in world associations

As early as mid-2014, the financial institution "Finance and Credit" could be proud of its brilliant reputation. Banks partners supported their colleague, as he was great, and most importantly professionally and systematically fulfilled his obligations. Providing services to individuals and legal entities, he acted as a member of the Association of Ukrainian Banks and was a member of the Ukrainian Stock Exchange, the PFTS and the Kiev Banking Union.

Membership took place in such well-known international systems as VISA International and MasterCard International, Western Union, PARD and AVERS. Regarding the size of regulatory capital, the institution belonged to the first group of banks. As before, Ascania LLC (45.92% of shares) and PJSC F & C Realty (41.58% of shares) remain shareholders of the Institute as before. The main beneficiary is the Ukrainian businessman and people's deputy Konstantin Valentinovich Zhevago.

Financial atmosphere in the bank

Despite the fact that the financial institution continues to work, the reviews about the bank "Finance and Credit", which are increasingly encountered with a negative connotation, indicate the opposite situation. In accordance with the financial performance of the organization in March 2015, its assets are equal to 41,470,386 hryvnia. The volume of liabilities is 39,183,614 hryvnia, and the shareholders' equity has stopped at a figure of 2,286,773 hryvnia. Think only makes the amount of net profit, which according to the latest information amounted to minus 715 777 hryvnia.

The first messengers of trouble

The first reviews about the bank "Finance and Credit", which sounded information about the refusal to fulfill the financial institution's obligations under deposit agreements, began to appear at the very beginning of 2015. The bank's clients did not immediately react sharply to the situation, betting that the dollar rate, which had risen sharply at the time, forced many organizations from the financial sector to reconsider their policy of operations.

By February 2015, the number of people dissatisfied with the work of the bank increased by tens, if not hundreds of times. Lonely cases have turned into a systematic phenomenon. If initially people said that the bank simply delays payments on deposits for several months or offers prolongation on favorable terms, today payments are simply frozen, and employees of the financial institution say there is no cash.

What is the complexity of the situation?

It's not a secret for anyone that many financial institutions of Ukraine have faced certain problems in connection with the economic situation in the world. Some of them declared officially their bankruptcy, others were simply deprived of a license. With regard to the situation in question, we can say that the branches of the bank "Finance and Credit" partially closed all over the country. The financial institution, as a result of the conflict with Russia, lost a lot of money due to a break in partnership with investors from Moscow and the Moscow region.

His contribution to the situation brought a large outflow of capital due to panic among clients who tried to withdraw their funds from the organization as quickly as possible. At the moment, although the bank does not fulfill its obligations in the minimum amount, its leadership says that the situation soon stabilizes. And the NBU is not in a hurry to send the curator to the organization, since he himself financially supports the institution.

Rallies and mass discontent

Bankruptcy of the bank "Finance and Credit", according to many of its customers, is not far off. A fairly large percentage of people say that before the start of the liquidation procedure, it remains from six months to one year. The very beneficiary of the institution and the Ukrainian deputy Zhevago openly declares that the financial institution does not experience any problems and there is no threat of irreversible consequences. What remains to be done to dissatisfied customers remains a mystery. People who have not seen their contributions in the terms established by the agreements, gather and organize rallies and protests. The events are held with the involvement of the mass media not only near the NBU in Kiev, but also throughout Ukraine.

The unprecedented rudeness

In addition to the fact that all the deposits of the bank "Finance and Credit" have been frozen and inaccessible to their owners, many people speak of rudeness from the employees of the organization. Systematically there are reports that offices can not give an exact answer to any of the questions regarding payments. There is evidence of a superficial attitude towards people who are trying to recover their legitimate deposits. Completely ignoring customers is not the worst, if you believe in numerous reviews.

Do not pass translations

In addition to the fact that the NBU still has not officially recognized the bankruptcy of the Finance and Credit Bank and has not introduced an interim administration in order to settle the situation with investors in this way, according to clients, there are still some sins behind the institute. So, according to not one ten deceived citizens who leave their comments on the Internet, the bank takes currency transfers, but does not conduct them. Some clients say that an institution such as the Finance and Credit Bank operates unfairly. Transfers to business partners were registered, however, the money for the addressee for some reason did not reach. Moreover, they were never returned to their owner. As a result, loss of profitable foreign partners and losses in their business.

What happens to the Internet bank?

As in any other major financial institution in Ukraine, the Internet Bank "Finance and Credit" functioned within the LLC. Previously, it was a convenient tool for distributing the financial flows of each client. Transfer of funds, payment of utility bills, tracking of the status of accounts and much more was available within the project. Today, everything has changed radically, and positive feedback about the service has completely changed the indignation of customers.

If you believe numerous comments, the Internet bank "Finance and Credit" today almost completely does not work. If you manage to enter your personal account, then this happens after repeated attempts. People say that today this service is absolutely useless, since all functionals are in non-working condition. Customers write that through the Internet service they can not even check the balance on the cards, since no information on them is reflected.

What does Zhevago say and how much of his words correspond to reality?

From official speeches of Zhevago it became known that the position of the bank "Finance and Credit" is now satisfactory. He openly states that there can be no question of problems, on the contrary, the financial institution is successfully developing. The main shareholder insists that the organization is currently servicing a large number of industry flagships, which are constantly increasing their production volumes. This economic basis is the impetus for development in the future.

The owner of the bank "Finance and Credit" openly says that the financial institution steadily issues deposits to its customers taking into account the restrictions that were introduced by the NBU. As far as the information described by the deputy Zhevago is truthful, it is very difficult to judge, since in numerous reviews, clients indignantly testify to the contrary. To say more, some media leaked information that the deputy's business affairs are not going as well as he says. In accordance with the audit report of the company "Ferrexpo", bondholders received an offer to restructure the debt. This only indicates a high probability of default of the Ukrainian oligarch.

Does not save even refinancing

It is widely spread that the partners refused to accept funding from the Institute "Finance and Credit" with the appearance of the first problems. Certain difficulties arose when trying to get refinancing from the NBU. Liquidity problems that occurred between December 2014 and January 2015 were not immediately eliminated. The first support to the bank from the office of Gontareva was provided only by mid-February in the amount of 700 million hryvnia. In March 2015, information was received on the next refinancing in the amount of 276 million hryvnia, and a little later - 750 million hryvnia.

Repeated injections of capital did not bring the expected effect due to a large outflow of funds. The portfolio of deposits, from the time of the appearance of the first problems and to the first stabilization loan from the NBU, was reduced by 18.5 billion hryvnia, and by the end of June another 16.5 billion hryvnia was withdrawn from the financial institution. According to information provided by Forbes magazine, by the end of June, investors were able to win about 400 lawsuits against the bank, under which it pledges to pay its customers.

Unexpected turn of events and summing up

Despite the fact that many clients of the bank have on their hands the decisions of the court, according to which the financial institution is obliged to pay debts, they still can not get their deposits. The problem is that the executive services refuse to take action in connection with the decision of the Kyiv District Administrative Court. Recall that Judge Balaklitsky granted the petition, according to which the executive services and any of their bodies, rightholders in the person of the NBU and its territorial offices, including such financial institutions as Ukreximbank, Pravex-Bank, Uksotsbank and "Citibank", are deprived of the right to conduct any actions to impose and execute arrests from the accounts of the bank "Finance and Credit."

Many customers assume that the owner of the bank "Finance and Credit" is trying to keep him afloat with all his forces, including at the expense of investors. There is information that some deposit holders received offers, according to which they are ready to give out 50 percent of the deposit, but on condition that the second half remains within the financial institution. Judging and talking about how truthful information from the media and customer feedback is problematic. It remains to follow the situation and draw appropriate conclusions on the fact of events.