Finance & Credit Bank continuing debt restructuring talks

In an interview with Investgazeta, Finance & Credit Bank’s Chairman of the Administration Vladimir Khlyvnyuk said that negotiations on restructuring the bank’s debts were ongoing. Khlyvnyuk reiterated the bank’s intentions to make good on its debts, and noted that its creditors were willing to look at F&C’s proposals. According to Khlyvnyuk, the bank has been saddled with a drop in commission & fee income of about 30-40% due to a decrease in the volume of export-import operations, currency operations, guarantee issuance, letters of credit and retail operations.