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INTEREST RATE ON BONDS OF FC “FINANCIAL SOLUTION CENTER” REMAINS UNCHANGED IN THE SEVENTH COUPON PERIOD

The annual rate of interest on five-year A series bonds of the FC Financial Solution Center (KreditMarket®) in the seventh coupon period from 08 November 2011 to 06 February 2012 remains unchanged, at the level of 19%.

Denis Rakovsky, Sales Director at Financial Solution Center (KreditMarket®): “Our company has been successful operating in the consumer market of express crediting (cash advance loans and purchase credits). Even in the crisis of 2008-2009, we were increasing sales. Last year (2010), as distinct from many other Ukrainian finance institutions, we operated at a profit, which has been certified through the audit performed by Deloitte, the international audit company. Bonds issued by the FC Financial Solution Center are absolutely marketable and high income.”

We will remind you that A series bonds with the nominal value of UAH 1000/pcs. were issued and placed in the period from 11 May to 11 July 2010 for an amount of UAH 37.5 mln. In the first, second, and third interest periods, the annual bond yield reached 25%, in the fourth period - 21%, in the fifth and sixth periods - 19%.

Background information

Finance Company Financial Solution Center LLC is a non-banking loan institution in compliance with the license issued by the State Financial Service of Ukraine АВ №020880 dated 07.05.2009. It issues loans under trademark KreditMarket.

Bonds of the FC Financial Solutions Centre LLC are on the PFTS second level list (Decision #2506/2010/01 of the PFTS Stock Exchange Control and Listing Department dated 25.06.2010). The Corporate Bond Issuance Certificate was issued by the Securities and Stock Market State Commission on 09.06.2010.

A retail financial network with an independent infrastructure operates under KreditMarket®. Also, 2 types of fast unsecured loans are provided to physical persons under KreditMarket®: cash loans and consumer loans. Loans are provided through the corporate retail network, as well as partner and agent networks. Customers can apply and get decisions via KreditMarket web-site: http://kreditmarket.ua.

The first branch of KreditMarket® was established in May 2008. In crisis this company did not stand idle even for a day. Today, over 100 branches and sales points are operating around Ukraine. The network of partner banks issuing credits under KreditMarket TM contains more than 200 branches. The company is represented in the national networks of mobile phone shops, portable equipment shops, decorative and building hypermarkets. Alternative sales channels are used for issuing credits.

KreditMarket was the first company to introduce the Open Finance concept. It allowed issuing fast unsecured credits under KreditMarket TM across the country in partnership with Folksbank and Kredobank, and through their branches.

 
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