Finance & Credit Bank Looking To Attract Over USD 700 mln In 2007

Finance & Credit Bank’s press service said this morning that the bank was looking to attract roughly USD 700 mln on international capital markets this year. Finance & Credit Bank is part of Finance & Credit group controlled by Ukrainian businessman Konstantin Zhevago and is related to AvtoKrAZ (KRAZ: HOLD) and Stakhaniv Wagon Works (SVGZ: BUY). In October of 2006 Finance & Credit Bank announced plans to place a 25% stake among foreign investors or hold an IPO.