News of the Bank

Financial news

Bank in MM

•30 april

A month left by the end of “flat in gift” PRAVEX BANK super special offer

Since January 25 till May 31 2008 PRAVEX-BANK performs unique action “Flat in gift”. Any client who has drawn or reissued deposit in PRAVEX-BANK can take part in action, for 3 months and more.

•29 april

Leisure time abroad during May’s holidays with “Universal” credit card from PRAVEX-BANK

Pravex-bank offers its clients who are going abroad for May holidays to use privileges of “Universal” credit card.

•25 april

Make money transfer in PRAVEX-BANK — get “INSTALMENT-ECONOM” card

PRAVEX-BANK implemented new direction in developing of “Credit card ‘Instalment-Econom’ — ‘Instalment-Econom while transferring’ service. Now all clients that perform any money transfers in banks’ outlet, automatically and free of charge get “Instalment-Econom” card. Having transfer amount from UAH 500 to UAH 1 000 amount of available card credit funds constitutes UAH 2 000, having amount in more than UAH 1 000 — UAH 3 000. Besides havening drawn credit card, clients get discount for credit funds usage amounting 6% from valid annual interest rate. All clients making transfer at the age of 21 with passport and identification number get cards automatically.

•24 april

PRAVEX-BANK started the allocation of “D” series bonds of the own issue for UAH 250 m.

PRAVEX-BANK started the allocation of bonds of the own issue to the total amount UAH 250 m. Bonds can be acquired directly in issuer or in underwriters of the issue: JSB “ING Bank Ukraine”, IC “Ukraine Investment capital”.

Credit from PRAVEX-BANK will help to get good education

Education level issue is central one not only in life of every person but in history of formation and development of the whole states. Quality of education determines person’s future — his/her career, his/her self-realization and positioning in society. Since school days young Ukrainian starts to think seriously whom he/she will be in future, what to do in life and the most important where to get education after school finishing. This choice is done for many graduators, namely they are preparing and taking different tests, passing exams. However, taking into account huge contest for popular profession of higher education institutions, a lot of people are afraid of failure to enter chosen institution.

•23 april

“PRAVEX-BANK reached assigned tasks in the first quarter”, — Natalia ZUBRITSKAYA Chairwoman of the Board of PRAVEX-BANK

“For the first quarter of 2008 PRAVEX-BANK improved absolutely all its indicators of development.

•22 april

Do you need money for holidays in May? — take it in PRAVEX-BANK

On the eve of approaching holidays of May, the topical issue for many Ukrainians is to choose where to rest and certainly financial expenditures planning.

•21 april

PRAVEX-BANK offers “Non-interests credit” special offer in “Allo” trade network

PRAVEX-BANK and “Allo” trade network perform “Non-interest credit” special offer on purchase of some mobile telephones of “LG” trade mark. Conditions of special offer will be effective since April 23, 2008. Special offer “Non-interest credit” validity term is — a month since the moment of launch.

•18 april

PRAVEX-BANK favoured “Visa Olympic movement. Your way to Beijing” marketing campaign

PRAVEX-BANK favoured national marketing campaign “Visa Olympic movement. Your way to Beijing” performed since April 1 till May 31, 2008 within Olympic sponsorship Visa International together with Ukrainian banks.

•17 april

PRAVEX-BANK opened the ninth outlet in Lviv

April 10, 2008 Pekarske outlet of PRAVEX-BANK was opened in Lviv, informed Roman VALESYUK Senior Vice-Chairman of the Board of PRAVEX-BANK.

•16 april

Number of transactions under “Pravex-Telegraph” increased almost 60%

Since the beginning of 2008 funds turnover under “Pravex-Telegraph” service increased 83% in comparison with analogous period of 2007, and number of transitions (transfers) increased almost 60%. Such high results were reached due to enlarged scale of rates and commission decrease by 0,8% under “Pravex-Telegraph” service.

•15 april

PRAVEX-BANK successfully paid credit to “Merrill Lynch” International Investment Bank at the amount of USD 30 m.

At that time when world market is shaken by all new attacks of global crisis and the largest economics of planet is far from the best times, Ukrainian banking system shows stable development and positive growth.

PRAVEX-BANK will perform compensation payments for liquidated banks depositors

April 08, 2008 Association Agreement was signed between PRAVEX-BANK and Fund of deposits guaranteeing of individuals, according to which PRAVEX-BANK will perform compensation payments to depositors of liquidated banks, namely to clients of JSCB “Premier Bank”, PC JSCB “Garant”, JSCB “Intercontinentbank”, PC “Kyiv Universal Bank” and PC “European Bank of development and savings”.

•11 april

Total turnover of acquiring network of PRAVEX-BANK for the first quarter of 2008 exceeded UAH 35 m.

In accordance with results of work for the first quarter of 2008 PRAVEX-BANK shows considerable increase of acquiring network indexes. Thus, total turnover of bank’s acquiring network since the beginning of the year exceeded UAH 35 m that in its turn, exceeds index of analogous period of 2007 on UAH 10 m or on 40%. Bank’s acquiring network counts about 500 trade POS-terminals at the moment.

•10 april

PRAVEX-BANK increased deposit rates on 1,5%

Following market tendencies of interest rates increase on bank deposit, to keep high level of yield received by PRAVEX-BANK depositors, in April, 2008, PRAVEX-BANK increased deposit rates, for the term from 1-to 3 months in national currency on 1,5% p.a. at the average.

About 300 clients have used “Credit by phone” service from PRAVEX-BANK

In the course of last month, about 300 clients have already used “Credit by phone” service from PRAVEX-BANK. This service allows the clients to get preliminary decision on consumer credit or credit card issue without leaving home nor spending spare time. More than 90% persons got preliminary positive decision on the possibility to draw up consumer credit or credit card.

•9 april

PRAVEX-BANK will increase authorized capital for UAH 150 000 000

During an extraordinary general meeting of shareholders of PRAVEX-BANK it was decided to increase Bank’s authorized capital up to UAH 521 499 139.

MoneyGram transfers volume keeps increasing at PRAVEX-BANK

In March 2008, PRAVEX-BANK increased by 95% the number of money transfers via MoneyGram international instant money transfer system in comparison with the analogical period in 2008.

•8 april

Since the beginning of 2008 PRAVEX-BANK issued to its clients 120 thousand of consumer credits for the amount of more than UAH 248 m.

One of the main direction of activity of PRAVEX-BANK as well as other banks is consumer crediting. Credits provided to the public for the purchase of household equipment, mobile telephones and etc., and in cash for personal needs, constitute majority in Bank’s loan portfolio.

•7 april

Since the beginning of 2008 PRAVEX-BANK sold more than 9,6 tons of banking metals

Since the beginning of 2008 PRAVEX-BANK sold more than 9,6 tons of banking metals that 6 times more than for analogous period of the last year (for the first quarter of 2007 PRAVEX-BANK sold more than 1,6 tons of banking metals). For the whole history of service development PRAVEX-BANK sold 43 tons of banking metals.

PRAVEX-BANK depositors opened credit limits on “Credit under deposit” service for the amount more than UAH 15 m.

For the first quarter of 2008 within PRAVEX-BANK “Credit under deposit” service credit limits were set for the amount more than UAH 9 m, that 22 times more than for analogous period of the last year. As of April 1, 2008 total amount of set credit limits within PRAVEX-BANK “Credit under deposit” service constituted more than UAH 15 m.

•4 april

PRAVEX-BANK extended special offer for goods acquisition in “Epicentre” distribution network

PRAVEX-BANK extended special offer for goods acquisition in credit which is organized together with “Epicentre” distribution network until April 30, 2008.

•3 april

PRAVEX-BANK offers credit for equipment for digital television services acceptance of “Maximum TV” company

PRAVEX-BANK performs special offer on continuing basis for purchase in credit of TV-tuners of “Maximum TV” company. Credit is provided under such conditions: credit amount — from 100 standard units to 1200 standard units; crediting term — 3, 6, 9 and 10 months; compulsory initial payment — 0%; interest rate — 0,001% p.a.; monthly payment for settlement service under consumer crediting — 0%. Credit can be obtained by borrowers at the age from 21 to 60 (inclusive).

•2 april

Super action “Flat in gift” from PRAVEX-BANK is going on

Since January 25 till May 31 2008 PRAVEX-BANK performs unique action “Flat in gift”. Any client who has drawn or reissued deposit in PRAVEX-BANK can take part in action, for 3 months and more.

•1 april

In the first quarter of 2008 Call-center of PRAVEX-BANK accepted more than 300 thousand of calls

During the first quarter of 2008 Call-center of PRAVEX-BANK accepted more than 300 thousand of calls, that 50% more than during analogous period of 2007. Such increase of appeals shows high interest to PRAVEX-BANK services and is reached due to their variety and attractiveness for clients.