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ASTRA BANK Enters International Money Market - News - OJSC ASTRA BANK

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ASTRA BANK Enters International Money Market

Jul. 10, 2009

ASTRA BANK received the permission of NBU for borrowing and placing foreign currency in international markets and for execution of other operations with currency values. Previously ASTRA BANK executed operations with currency and currency values in Ukrainian financial market.

“ASTRA BANK actively conquers new capital markets and develops the cooperation with most banks of Ukraine. The Bank is going to increase the range of partners on international bank level and among international financial organizations, – said Deputy Chairman of the Management Board of ASTRA BANK Oleg Lutsenko. – Participation in international financial projects (medium- and long-term) is one of future prospects of the Bank. It will allow borrowing credit funds in foreign currency for financing highly effective investment projects implemented on the territory of Ukraine. High professionalism of the personnel, usage of progressive technologies and experience of international bank will facilitate successful implementation of new projects and development of product range of the Bank for clients.”

Nowadays the range of treasury services of ASTRA BANK includes operations with currency values, issue of owned securities, organization of securities buying and selling by order of clients, operations in securities market on its own behalf (including underwriting), operations by order of clients or on its own behalf with Money Market instruments and depositary activity of a custodian. Among other services of ASTRA BANK are loan issue, deposit attraction and servicing legal entities and private individuals, payment and documentary operations, cash services, etc.

Reference:

ASTRA BANK is a universal bank that offers a full range of bank services. ASTRA BANK is a participant of Guarantee Fund of Private Individuals’ Deposits. Pursuant to the data of Association of Ukrainian Banks ASTRA BANK takes 24th place by its equity. The Bank has got long-term credit rating uaBBB+ with prognosis “stable” and the highest rating of reliability of bank deposits (5 points). ASTRA BANK is a part of financial group Alpha Bank Group Greece which operates for more than 130 years and is active on financial markets of Greece, Romania, Serbia, Albania, Bulgaria, FYROM, Cyprus, Jersey, USA and Great Britain.

Last update: Nov. 06, 2009