In Prominvestbank, turnover of customers' payments in foreign currency has grown almost twice in 2011

06 October 2011 22:41

2011 was a year of significant growth in customer payments via correspondent accounts of Prominvestbank

2011 was a year of significant growth in customer payments via correspondent accounts of Prominvestbank. Figures are very eloquent – for 8 months of 2011 the total turnover of customer payments through correspondent accounts of Prominvestbank in foreign currencies increased 1.8 times compared to 8 months of 2010 and totaled the equivalent of USD 12.4 billion.
At the same time, revenues from export sales transactions for 8 months of 2011 increased 1.7 times and amounted to USD 4.9 billion, payments for import trade transactions increased 1.4 times and amounted to USD 1.5 billion.
The bank's experts attribute such progress to growth of trading by the bank's customers and increasing role of Prominvestbank in their service. The Bank has traditionally taken an important place in the national market of foreign economic activity servicing: the share of the bank in servicing export-import enterprises in the Ukrainian market this year amounts to respectively 10.7% and 3.0%.
Prominvestbank traditionally focuses on the development of correspondent relations with first-class foreign and Ukrainian banks. The correspondent network of the bank covers all the major centers of business activity in the world. Prominvestbank has long-standing correspondent relationship with the largest banks of the CIS, Eastern and Western Europe, North America, Asia, and Japan.
 Background: Joint-Stock Commercial Industrial and Investment Bank (Prominvestbank) was formed in 1992; Prominvesbank is one of the biggest Ukrainian banks. As of today the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”, Russian Federation, is the biggest shareholder of the Bank.
As of October, 01, 2011, the Bank’s equity capital is UAH 4,569 billion, in assets – UAH 35,279 billion, loan portfolio – UAH  28,482 billion, customers’ funds – UAH 16,087 billion.
Prominvestbank Press-service
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