News of the Bank

PRAVEX-BANK issued consumer credits for the amount more than one billions of hryvnias

In accordance with results of 2007 under program «Goods and services in instalment», PRAVEX-BANK issued 495 thous. of consumer credits and «Instalment»credit cards for the amount, exceeding one billion of hryvnias.

Thus, as of 01.01.2008 loan portfolio on consumer crediting and «Instalment» credit cards constituted about UAH 784 m.

«Consumer credits provision during several years is one of the most called for and popular service in Ukraine and has very high development trends. High indexes on consumer credits issue by PRAVEX-BANK under conditions of rigid competition at consumer crediting market were achieved due to constant improvement of conditions of drawing up consumer credits and credit cards, performance with store-partners of unique joint actions and wide range of goods and services, being credited by our Bank. Thus, PRAVEX-BANK and its trade partners in 2007 performed more than 830 actions», — commented Roman VALESYUK, Senior Vice-Chairman of the Board of PRAVEX-BANK.

We will remind, in 2007 Bank worked out and ameliorated the following credit products: credit set «Happy family», which was worked out especially for spouses and differs by preferential terms of crediting as decreased «cost» of credit; and also "Loyal" crediting set was ameliorated, which has principally new crediting term — 14 months.

Also, after performance of modernization of "Loyal" crediting set, payment for settlement while credit provision depends directly on credit amount — the bigger credit amount, the less payment size.

At present minimal amount of consumer credit in PRAVEX-BANK constitutes UAH 500, and maximal — UAH 25 thous., credit can be drawn up just during 10 minutes in one of more than 2000 points of consumer credits issue, located directly in stores-partners, or in any of 565 structural subdivisions of Bank for the term from 3 to 36 months.

Total amount of issued consumer credits and credit cards "Instalment" for the whole history of PRAVEX-BANK constituted 1, 367  m. of credits for the amount UAH 2,901 b. 

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