News of the Bank

Financial news

Bank in MM

•31 july

PRAVEX-BANK obtained new securities management license

JSCB “PRAVEX-BANK” has obtained the new license of State Committee on securities and stock market for management of securities for the period from July, 16, 2008 till July, 16, 2013.

•30 july

PRAVEX-BANK coin collection increased up to 5 300 samples

PRAVEX-BANK collection has recently received gold and silver coins of the greatest foreign mints of the world. Total number of delivered coins comprises 500. So, PRAVEX-BANK coin collection consists of more than 5 300 samples as for today.

•29 july

PRAVEX-BANK travelers’ cheques are essential while traveling abroad

Travelers’ cheques are personal money both for tourists and business people. They are not limited in time; those not used may be kept until the next trip.

•28 july

PRAVEX-BANK opened the 27th branch in Kharkiv.

The Chervonoshkilne branch of PRAVEX-BANK has been opened on the 21st July 2008, in Kharkiv, informed Roman Valesyuk, Senior Vice-Chairman of the Board.

•25 july

PRAVEX-BANK branches to compete for the title of best branches providing Western Union service

The fourth year repeatedly Western Union company organizes “Top Country Teams” competition in the course of which the best branches are defined in the nomination of the quality of providing Western Union international money transfers service in Ukraine.

•24 july

PRAVEX-BANK rewarded happy winners of “Flat in gift” special offer

The first stage of winners’ rewarding of “Flat in gift” special offer from PRAVEX-BANK took place. Thus, winners of special offer were rewarded with 10 tourist certificates with UAH 5 000 par value and 10 tourist certificates with UAH 2000 par value in PRAVEX-BANK branches. Soon there will be ceremonial presentation of special offer main prize — flat in Kyiv.

•23 july

Events and personalities of world history in coins from PRAVEX-BANK

PRAVEX-BANK offers a wide range of gold and silver coins which can be interesting and original presents to any holidays. PRAVEX-BANK’s Collection of coins comprises 4,000 pcs and is represented by 147 types of coins from different mints of the world: Chinese, Australian, German, Finnish, Greek, British, Italian, Spanish, Liberian, South African, Austrian, French, etc.

•22 july

PRAVEX-BANK has increased the volume of money transfers within the MoneyGram system by 98%

PRAVEX-BANK has increased the volume of money transfers within the MoneyGram system by 98% during the first half of the year 2008 in comparison to the relevant period of the year 2007.

•21 july

PRAVEX-BANK travelers’ cheques are essential while traveling abroad

Travelers’ cheques are personal money both for tourists and business people. They are not limited in time; those not used may be kept until the next trip. Travelers’ cheques are of high solvency: they can be used for paying for goods and services; they can be easily translated into local currency in such countries as USA, Australia, New Zealand, Canada, in some Asian states, in Europe and many others.

•18 july

Approximately 7,500 internet users visit PRAVEX-BANK web site daily

One of the most important data sources about a company is its representation in Internet global network, as it is the right resource, thanks to which many of the partners and clients can find detailed, and what is really important — the most actual and updated information, which will help them to get the understanding about the organization in which they are interested. That is the reason why the site of PRAVEX-BANK is being constantly perfected, giving the visitors the most actual and the most necessary services.

•16 july

The volume of the loans, issued by means of plastic cards of PRAVEX-BANK has amounted to USD 100 million.

Progressive methods of consumer finance in whole and card crediting in particular resulted in outstanding achievements — the volume of loans, issued by means of credit cards “By instalments”, “By instalments — economical”, “Universal”, “Universal Plus” amounts to USD 100 million.

•15 july

Since credit products taking effect, holders of PRAVEX-BANK salary cards opened over 21 000 of credit limits

As of 01/07/08 within services “Second salary” and “Universal salary credit”, holders of PRAVEX-BANK salary cards opened over 21 000 of credit limits, to the amount exceeding UAH 43 m. Since the beginning of the year the amount of set credit limits increased 16% (as of 01/01/08 it amounted to UAH 36 m).

•14 july

Car loan from PRAVEX-BANK without downpayment

At present, loans without downpayment are the most popular with borrowers. Due to this fact, PRAVEX-BANK making next step to meet clients’ needs, offers car loan without obligatory downpayment for the cars at the cost of USD 50 thous.

•11 july

PRAVEX-BANK performed 15% more transfers via WESTERN UNION system

According to first half 2008 year results, PRAVEX-BANK performed 15% more transfers via Western Union international money transfers system in comparison with the analogical period in 2007.

•10 july

Client gets credit card and supplementary discounts in gift while buying banking metals in PRAVEX-BANK

Every day the service of consumer card crediting becomes more and more popular with public — as credit card combines such parameters as convenience, reliability, utility and time saving. That is why PRAVEX-BANK works out “Instalment-Econom while banking metals purchasing” direction, due to which clients that get banking metals and draw “Instalemnt-Econom” credit card, are provided with discounts for gold bullions and coins purchase. Thus, buying gold bullions with the weight from 1 to 10 gr — the discount will make up 7%, from 20 to 50 gr — 5%, more than 100 gr — 3%. If speak about discounts for coins purchasing, it makes up 10%.

•9 july

PRAVEX-BANK increased volumes of car loans issuance on 52%

In accordance with results of the first half year of 2008, JSCB “PRAVEX-BANK” considerably increased volume of car loans issuance in comparison with analogous period of 2007.

•8 july

Since the beginning of the current year, PRAVEX-BANK has sold more than 12 tons of banking metals

Since the beginning of 2008, PRAVEX-BANK has sold more than 12 tons of banking metals. It is important to notice that in the first half of 2008, PRAVEX-BANK sold banking metals in 4.2 times more than in 2007 (in 2007, banking metals sales volume for the analogical period made up 2.9 tons).

•4 july

Moody’s upgraded ratings to PRAVEX-BANK

On July 3, 2008, Moody’s Investors Service upgraded ratings to JSCB “PRAVEX-BANK”, Ukraine: national currency long-term deposits rating and unsecured debt senior rating from B2 to the level of Ba2; national currency deposits long-term rating from A3.ua to the level of Aa1.ua according to national scale.

•3 july

JSCB “PRAVEX-BANK” makes its debut at syndicated crediting market

JSCB “PRAVEX-BANK” concluded Mandate with Bayerische Landesbank (“BayernLB”), Intesa Sanpaolo S.p.A. (“Intesa”) and Standard Bank Plc (“Standard Bank”) to organize on its behalf short-term syndicated credit to the amount of USD 15,000,000.

•2 july

PRAVEX-BANK reached 200,000th mark in the number of issued credit cards

As a result of “Credit card ‘Instalment’ service and “Credit card ‘Universal’ service development, PRAVEX-BANK reached 200,000th mark in the number of issued credit cards.

Fitch upgraded ratings to PRAVEX-BANK

On July 2, 2008, Fitch upgraded its ratings to JSCB “PRAVEX-BANK”, Ukraine: issuer’s default long-term rating (IDR) in foreign currency from “B-” level (B minus) to “BB-” (BB minus), “Stable” prognosis as well as national long-term rating from “BBB(ukr)” to “AAA(ukr)”, “Stable” prognosis.

•1 july

10 days left by the end of non-interest special offer from PRAVEX-BANK in “ALLO” trade network

PRAVEX-BANK together with “ALLO” trade network performs special offer for non-interests purchase of mobile telephones of “Fly” trade mark in credit, which will last till the 10th of July, 2008.